Egypt’s balance of gold in foreign reserves at US$ 11 billion

The Central Bank of Egypt (CBE) announced on Monday that the balance of gold in Egypt’s foreign reserves rose to about US$11.154 billion, equivalent to about LE549 billion, in six months until the end of October.

The CBE said that this balance was at US$9.384 billion, equivalent to about LE448 billion, at the end of April, and the increase is about LE 101 billion.

The Central Bank of Egypt announced a few days ago that net foreign reserves reached US$46.94 billion at the end of October, compared to about $46.74 billion at the end of September 2024, an increase of about $200 million.