Foreign Reserves in Egypt Surpass 48 Billion Dollars
TEHRAN (ANA)- The Central Bank of Egypt announced that the country’s net international reserves have reached $48.143 billion at the end of April.
Continuing a steady upward trend in recent months, the figure marks a 386-million-dollar increase compared to March's total of 47.757 billion dollars.
Egypt's foreign exchange reserves are a crucial indicator of its economic stability and ability to meet international financial obligations.
The reserves are built up through various sources, including gold reserves, revenues from the Suez Canal and tourism, remittances from Egyptians working abroad, export proceeds, and foreign investments.
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