The Central Bank of Egypt announced that the country’s net foreign exchange reserves rose to $55.07 billion at the end of June, compared with $53.13 billion in May, marking an increase of approximately $1.9 billion.
The rise comes amid continued growth in remittances from Egyptians working abroad, alongside expectations that Cairo will receive €1.5 billion from the European Union in the coming days as part of a macroeconomic support program.
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