Egypt’s gold reserves hit $8bln in October
- Date: 07-Nov-2023
- Source: Zawya
- Sector:Financial Markets
- Country:Egypt
Egypt’s gold reserves hit $8bln in October
Gold reserves in Egypt rose to $8.098 billion in October from $7.644 billion in September, according to data released by the Central Bank of Egypt (CBE).
The country’s special drawing rights (SDRs), included in the net international reserves (NIR), soared to $371 million in October, compared to $29 million in September, the data showed.
Meanwhile, foreign currencies accounted for $26.635 billion of Egypt’s NIR during October, which is down from $27.299 billion in September.
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