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Egypt's foreign reserves hit $57.21B
Egypt's foreign exchange reserves rose to $57.21 billion by the end of August 2026, marking a historic value that reflects the country's ability to meet its external obligations and support exchange rate stability amid ongoing external debt exceeding $160 billion. The reserve is maintained in a basket of currencies and is used to cover the government's debts and interest payments, as well as to address economic crises. Egypt relies on multiple sources for foreign currency, including exports, tourism, remittances from Egyptians working abroad, and revenues from the Suez Canal.
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