Egypt’s gold reserves rose to a value of $7.773 billion in January, from $7.326 billion in December 2022, the latest data from the Central Bank of Egypt shows.
The latest monthly report from the Central bank of Egypt for February 2023 showed the development of the Central Bank’s total and net international gold reserves, the latest of which was in January 2023, where net international reserves reached $34.224 billion in January 2023, from $34.003 billion in December 2022.
According to the report, the balance of Special Drawing Rights (SDRs) rose to $324 million, while foreign exchange registered $26.131 billion in January, compared to $26.669 billion in December 2022.
The number of months of commodity imports covered by net reserves increased from 5.3 months in November 2022 to 5.4 months in January 2023, according to the report.
