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Egypt’s net international reserves hit $40.85bn at end-October

Egypt’s net international reserves increased by $24 million during October, according to data released by the Central Bank of Egypt (CBE).

The country’s net international reserves amounted to $40.849 billion at the end of October, compared to $40.825 billion a month earlier.

The country’s net foreign reserves rose to $44.5 billion in fiscal year (FY) 2018/2019, compared to $44.3 billion in FY17/18 and $31.3 billion in FY16/17.