The Central Bank of Egypt (CBE) announced an increase in foreign exchange reserves to $34,660 Trillion at the end of May 2023.
The foreign reserve balance of the Central Bank of Egypt continued to rise for the eighth month in a row, with a value of $109 million at the end of May.
According to data, the reserve rose in May to $34.66 billion, compared to $34.551 billion at the end of April 2023.
It is worth noting that the foreign reserves amounted to about $34,551 trillion at the end of April, while the net international reserves amounted to $34,447.3 at the end of March.
The Central Bank of Egypt had revealed that net international reserves recorded $34,352 trillion at the end of February, and $34,224 trillion at the end of January.
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