Urgent .. Central Bank: Foreign exchange reserves continue to rise to reach $46.383 billion by the end of June 2024

  • ارتفع احتياطي النقد الأجنبي لمصر إلى 46.383 مليار دولار بنهاية يونيو 2024 ، مقابل 46.125 مليار دولار بنهاية مايو السابق عليه.

 

  • Egypt's foreign reserve consists of a basket of major international currencies, including the US dollar, the single European currency euro, the British pound, the Japanese yen, and the Chinese yuan. It is a percentage of which Egypt's holdings are distributed on the basis of the exchange rates of those currencies and the extent of their stability in international markets, and it changes according to a plan drawn up by Officials of the Central Bank of Egypt.

 

  • The main function of the foreign exchange reserve at the Central Bank, with its components of gold and various international currencies, is to provide basic goods, pay installments and interests on foreign debts, and confront economic crises, in exceptional circumstances, with resources from sectors generating hard currency being affected.

Share the topic with your friends on

Facebook
Twitter
WhatsApp
Telegram
LinkedIn
Email

Leave A Reply

Start trading!

If you want to start trading, contact us on WhatsApp now

You may also like

  At the foreign currency level, the dollar price in the National Bank of Egypt and the Commercial International Bank reached 49.35 pounds for purchase...
  • Blog
  • 19 November 2024
We publish the average prices of gold traded in the Egyptian market, during morning trading today, according to the prices traded in local goldsmiths’ shops...
  • Blog
  • 17 November 2024
At the foreign currency level, the dollar price in the National Bank of Egypt and the Commercial International Bank reached 49.16 pounds for purchase and...
  • Blog
  • 13 November 2024


Subscribe to receive all new 

Please enable JavaScript in your browser to complete this form.