Egypt’s foreign currency reserves reach US$ 57.50 billion
Why This Matters
Key context: <p>The Governor of the Central Bank of Egypt (CBE), Hassan Abdallah, announced that the country’s foreign currency reserves have climbed to an all-time high – reaching US$ 57.50 billion by the end of October. He further noted that the banking sector’s net foreign assets have reached their highest level since 2011, coinciding with a decline …</p> <p>The post <a href="https://www.egyptindependent.com/egypts-foreign-currency-reserves-reach-us-57-50-billion/">Egypt’s foreign currency reserves reach US$ 57.50 billion</a> appeared first on <a href="https://www.egyptindependent.com">Egypt Independent</a>.</p> This development from egyptindependent.com highlights ongoing changes in the sector.
The Governor of the Central Bank of Egypt (CBE), Hassan Abdallah, announced that the country’s foreign currency reserves have climbed to an all-time high – reaching US$ 57.50 billion by the end of October. He further noted that the banking sector’s net foreign assets have reached their highest level since 2011, coinciding with a decline … The post Egypt’s foreign currency reserves reach US$ 57.50 billion appeared first on Egypt Independent.
Curation & Context
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