Egypt’s Foreign Reserves Edge Up to $50.2 Billion

Egypt’s net international reserves recorded a slight increase in November, rising to $50.216 billion compared with $50.071 billion at the end of October, according to data published on the Central Bank of Egypt’s (CBE) official website.

The uptick, though modest, reflects continued stability in the country’s reserve position despite sustained global economic pressures and shifting currency dynamics.

Egypt’s foreign-exchange reserves are composed of a diversified basket of major international currencies, primarily including the US dollar, euro, British pound, Japanese yen, and Chinese yuan. The composition and distribution of these holdings are managed in line with a structured strategy set by the Central Bank, taking into account global exchange-rate movements and the relative strength of international currencies.

CBE officials typically review reserve allocations to ensure adequate liquidity for foreign obligations, while safeguarding the economy against external shocks.

November’s increase marks yet another month of relative reserve stability, reinforcing the Central Bank’s efforts to maintain market confidence and support the country’s external financial position.