Central bank data revealed on Thursday that Egypt’s net foreign reserves experienced a modest increase of $72 million in November, reaching $35.173 billion compared to $35.102 billion at the close of the previous month.
Additionally, the country observed a slight rise in international reserves, ascending to $35.1 billion in October from $34.97 billion in September, as reported by the Central Bank of Egypt (CBE) last month.
Egypt’s foreign reserves include various currencies such as the U.S. dollar, euro, Australian dollar, Japanese yen, and Chinese yuan. These reserves, comprising foreign exchange, gold, and assorted international currencies, are allocated for covering import costs, repaying foreign debts, and addressing potential economic crises under extraordinary circumstances.
