Cairo: The Central Bank of Egypt announced on Sunday that its Net International Reserves (NIR) reached USD 50.071 billion last October, marking the highest level in the country's history. According to Kuwait News Agency, the Central Bank reported that the NIR rose by USD 538 million in October, reaching USD 50.071 billion compared to USD 49.533 billion at the end of September. The Central Bank stated that the NIR consists of external assets held outside Egypt for precautionary and transactional purposes. These reserves are readily available and fully controlled by the Central Bank of Egypt.
