Egypt’s net foreign reserves reached an unprecedented peak at the end of June, topping $55 billion for the first time in the country’s history.
During a weekly press conference, Egyptian Prime Minister Dr. Mostafa Madbouly announced the milestone, citing figures from the Central Bank. Madbouly highlighted that foreign currency reserves grew by roughly $2 billion in just one month, a surge that reflects improving economic indicators and demonstrates the government’s capacity to strengthen its reserves and sustain financial stability.
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