CAIRO – The net international reserves reached 46.3 billion dollars by the end of June 2024, rising some 258 million on May of the same year, the Central Bank of Egypt (CBE) said Sunday.
International reserves are considered an important indicator of good economic performance, reflecting the state’s ability to finance and manage basic commodities and services, as well as honor its foreign commitments.
The volume of international reserves also contributes to boosting investors’ confidence in the economy, stabilize the Egyptian pound and achieve economic growth.
