Egyptian Central Bank: Net foreign currency reserves rise to $57.35 billion
Egyptian Central Bank announces net foreign currency reserves reached $57.35 billion in September
Translated by Qiyas from السياسة — Original source
The Central Bank of Egypt announced on Wednesday that the country’s net foreign exchange reserves rose to $57.35 billion at the end of September, compared with $57.21 billion in August.
In a statement, the central bank clarified that net international reserves increased by approximately $136 million, representing a monthly growth of about 0.24 percent in September, thereby maintaining levels above the $57 billion threshold.
International reserves are among the key indicators supporting macroeconomic stability, as they help strengthen the country’s capacity to meet its external obligations, ensure the supply of strategic goods in the domestic market, support stability in the foreign exchange market, and bolster investor confidence.
