Egypt foreign reserves hit historic high of 55 billion dollars

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Egypt's net foreign exchange reserves reached a historic high of 55.072 billion dollars by the end of June, as announced by Prime Minister Mostafa Madbouly. This record-setting figure reflects strengthened economic stability backed by Central Bank data.

Egypt’s net foreign exchange reserves surged to an unprecedented peak, reaching 55.072 billion dollars by the end of June. Egyptian Prime Minister Mostafa Madbouly announced the record-breaking figure during the government’s weekly press conference on Wednesday, citing the latest data released by the Central Bank of Egypt, Sada al-Balad reported. The prime minister highlighted that … The post Egypt foreign reserves hit historic high of 55 billion dollars appeared first on Egypt Independent.