Central Bank of Egypt data showed that Egypt's net foreign reserves rose by about $ 205 million during last October.
According to the Central Bank of Egypt, foreign reserves rose to $ 46.942 billion in October from $ 46.737 billion last September.
According to central bank data, Egypt sold euro-denominated one-year treasury bills worth 642.8 million euros with an average return of 3.5%. Last October, the Central Bank of Egypt's Monetary Policy Committee (MPC) maintained the overnight deposit and lending rates and the central bank's main operation rate at 27.25%, 28.25% and 27.75%, respectively. It also decided to maintain the credit and discount rate at 27.75%.
