US EditionEgypt's Foreign Reserves Hit Record High of 50.07 Bln USD by Oct.
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Egypt's foreign reserves hit record high of 50.07 bln USD by Oct.
CAIRO, Nov. 9 (Xinhua) -- The Central Bank of Egypt (CBE) announced on Sunday that the country's net international reserves (NIRs) reached a record high of 50.07 billion U.S. dollars by the end of October, up from 49.53 billion dollars recorded at the end of September. Read full story
Egypt's foreign reserves hit record high—surpassing $50 billion for the first time: CBE
The Central Bank of Egypt (CBE) on Sunday revealed the value of Egypt’s Net International Reserves at the end of October, with Egypt’s foreign reserves breaking the 50 billion dollar barrier for the first time in the history of foreign currency reserves. The volume of Egypt’s foreign reserves saw an increase of $538 million during October compared to the prior month, September. The CBE affirmed that the rise in foreign reserves is a clear indica…
Today, the Central Bank of Egypt announced that the country's net foreign-exchange reserves would rise to about $5,071 billion by the end of October, compared with $49,533 billion at the end of last September. Egypt's foreign-exchange reserve balance rose by about $538 million during October, continuing its upward trend.
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