By: Heba El-Kordy

Cairo – Mubasher: Egypt’s gold reserves reached an all-time high in August, according to statistics conducted by Mubasher.  

The North African nation’s gold reserves rose by $265 million, or 8.6%, to $3.32 billion in August, compared to $3.05 billion in July, data released by the Central Bank of Egypt (CBE) showed.

It is noteworthy that Egypt’s foreign currency reserves rose by $53 million to $44.969 billion at the end of August, compared to $44.916 billion a month earlier.