Egypt's net international reserves hit $46.597 billion in August

According to the Central Bank of Egypt (CBE), Egypt's net international reserves reached $46.597 billion in August. This marked an increase from the previous month's $46.49 billion and a rise of around $110 million compared to June's $46.38 billion. Following the $35 billion Ras El Hikma deal earlier in the year, Egypt's net foreign reserves escalated by $11.2 billion over the last 5 months, providing the central bank with a substantial cushion for floating the p