Egypt’s gold reserves at $7.9 billion by the end of July: CBE

The Central Bank of Egypt announced that the value of gold listed in foreign exchange reserves by the end of July amounted to US$ 7.974 billion, compared to $7.738 billion at the end of June – an increase of $236 million.

The CBE added that the value of foreign currencies included in the cash reserve declined to $26.530 billion by the end of July, compared to $27.044 billion at the end of June, a decline of $514 million.

It pointed out that the net foreign exchange reserves rose to $34.879 billion by the end of July, compared to $ 34.807 billion in June.