Tuesday March 5th, 2024
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Egypt’s Gold Reserve Increased by 6% in October 2023

The value of Egypt’s gold reserve has reached USD 8.08 billion in October 2023, up from USD 7.63 billion in September 2023.

Cairo Scene

Egypt’s Gold Reserve Increased by 6% in October 2023

The gold reserve at the Central Bank of Egypt (CBE) has increased by 6%, reaching a total value of USD 8.08 billion in October 2023, compared to USD 7.63 billion in September 2023.

According to the World Gold Council, Egypt’s gold reserves have risen to 125.92 tons in the third quarter of 2023. Meanwhile, Egypt aims to allocate USD 191 billion in annual US dollar revenues by 2026.

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