Egypt's foreign reserves surpass 48 bln USD


CAIRO, May 6 (Xinhua) -- Egypt's net international reserves have reached 48.143 billion U.S. dollars at the end of April, the Central Bank of Egypt announced Tuesday.

Continuing a steady upward trend in recent months, the figure marks a 386-million-dollar increase compared to March's total of 47.757 billion dollars.

Egypt's foreign exchange reserves are a crucial indicator of its economic stability and ability to meet international financial obligations.

The reserves are built up through various sources, including gold reserves, revenues from the Suez Canal and tourism, remittances from Egyptians working abroad, export proceeds, and foreign investments.

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