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Egypt’s foreign reserves hit $34.97bn in September

Egypt’s foreign reserves hit $34.97bn in September
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Cairo – Mubasher: The net international reserves of Egypt amounted to more than $34.97 billion at the end of September 2023, according to the Central Bank of Egypt (CBE).

On a monthly basis, the recorded value is higher by nearly $42 million than $34.92 billion in August 2023.

Earlier this week, on 2 October, the CBE offered treasury bills (T-bills) as well as treasury bonds (T-bonds) at a total value of EGP 50 billion.

It is worth highlighting that the central bank halted its operations on Thursday, in celebration of the victory of the 6 October 1973 War.

Meanwhile, the banks operating in the Arab Republic will resume work and trading on Sunday, 8 October.