Central Bank of Egypt data showed that net foreign reserves rose by about $ 105 million in July, reaching $ 46.489 in July, compared to $ 46.384 billion in June.
Egypt's external debt declined to record $ 153.86 billion at the end of May 2024 compared to $ 168.03 billion at the end of December 2023, a decrease of $ 14.17 billion and an estimated rate of 8.43%.
In parallel with the significant decline in external debt levels, the CBE's net foreign reserves hit an all-time high of $46.38 billion in June 2024, up$13.26 billion since August 2022.
Source (Al Arabiya.net Website, Edited)
