Egypt's foreign reserves increased in October for the 50th month in a row, reaching approximately $57.5 billion, the highest level in its history, from $57.348 billion in September, according to data from the Central Bank of Egypt. The increase was due to an increase in the balance of liquid foreign exchange funds, one of the main components of the reserve, by approximately 768 million dollars during October, exceeding 40 billion dollars, which registers the highest level in 6 years and 7 months. The increase in liquidity balances contributed to compensating for the decrease in the other two reserve components, namely gold and special drawing rights, and preventing a decrease in total reserves during the month. The balance of gold decreased by approximately $613 million during October and reached approximately $16.84 billion, while the balance of Special Drawing Rights (SDRs) with the International Monetary Fund decreased by approximately $3 million, to approximately $599 million. Since the completion of the Ras al-Hakam deal in February 2024, Egypt's net foreign exchange reserves have increased by about 22%. 2 billion dollars, according to historical data published on the website of the Central Bank of Egypt.

Egypt's foreign reserves increased in October for the 50th month in a row, reaching approximately $57.5 billion, the highest level in its history, from $57.348 billion in September, according to data from the Central Bank of Egypt. The increase was due to an increase in the balance of liquid foreign exchange funds, one of the main components of the reserve, by approximately 768 million dollars during October, exceeding 40 billion dollars, which registers the highest level in 6 years and 7 months. The increase in liquidity balances contributed to compensating for the decrease in the other two reserve components, namely gold and special drawing rights, and preventing a decrease in total reserves during the month. The balance of gold decreased by approximately $613 million during October and reached approximately $16.84 billion, while the balance of Special Drawing Rights (SDRs) with the International Monetary Fund decreased by approximately $3 million, to approximately $599 million. Since the completion of the Ras al-Hakam deal in February 2024, Egypt's net foreign exchange reserves have increased by about 22%. 2 billion dollars, according to historical data published on the website of the Central Bank of Egypt.