Egypt's net foreign exchange reserves rose to $49.036 billion in July from $48.700 billion a month earlier, according to provisional data by the Central Bank of Egypt (CBE) on Tuesday. The $336 million increase represents a 0.7% rise from June, underscoring improved external liquidity and growing investor confidence. The steady build-up in reserves has been driven by robust foreign inflows, state asset sales, and progress on Egypt's economic reform programme. Additional support has come from higher remittance inflows, a recovering tourism sector, and enhanced access to external financing after recent agreements with the International Monetary Fund and other international development partners. Attribution: Amwal Al Ghad English Download
