CBE Purchases 47,700 Ounces of Gold During First Three Months of 2025

The Central Bank of Egypt purchased 47,700 ounces of gold during the first three months of the current year, bringing its total reserves to 4.124 million ounces.

Global prices supported an 18% increase in the value of its gold reserves, exceeding approximately $12.6 billion by the end of March 2025, compared to $10.8 billion at the end of 2024.

It is worth noting that net foreign exchange reserves rose to $47.757 billion by the end of March, compared to $47.393 billion at the end of February 2025, an increase of $364 million.

The value of foreign currencies included in the monetary reserves reached $35.136 billion by the end of March, compared to $35.524 billion at the end of February. The balance of special drawing rights reached approximately $18 million by the end of February 2025.