Egypt's foreign currency reserves have surpassed the $55 billion mark for the first time in the country's history, reaching $55.072 billion at the end of June.
The announcement of this historic level was made by Dr. Mostafa Madbouly, Egypt's Prime Minister, citing central bank data, during the government's weekly press conference held today.
Madbouly said the foreign currency reserves had risen by approximately $2 billion in a single month, reflecting the continued improvement in Egypt's economic indicators and confirming the state's ability to bolster its foreign reserves and support its financial stability.
The Egyptian Prime Minister affirmed that the government would continue implementing its economic reform programme, working diligently to improve the investment climate and increase the state's foreign currency revenues, in order to support the country's comprehensive development trajectory and maintain economic stability.