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CBE Reports Increase in Egypt’s Foreign Exchange Reserves

Cairo: The Central Bank of Egypt (CBE) announced an increase in the country's foreign exchange reserves by dlrs 214 million, reaching dlrs 49.250 billion in August. This marks a rise from the dlrs 49.036 billion recorded in July.According to State Information Service Egypt, the CBE's recent figures indicate a positive trend in Egypt's foreign exchange reserves. The reported increase of dlrs 214 million in August is seen as a continuation of the country's efforts to strengthen its financial position.