Egypt’s gold reserves hit $7.97bln in July
- Date: 07-Aug-2023
- Source: Zawya
- Sector:Financial Markets
- Country:Egypt
Egypt’s gold reserves hit $7.97bln in July
Gold reserves in Egypt rose to $7.974 billion in July from $7.738 billion in June, according to data released by the Central Bank of Egypt (CBE).
Egypt’s balance of special drawing rights (SDRs), included in the net international reserves (NIR), soared to $376 million in July, compared to $27 million in June, the data showed.
It is worth noting that the country’s NIR inched up to $34.879 billion at the end of July from $34.806 billion at end-June.
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