# Record $57.5bn in reserves, a record-low pound, and an IMF tranche due in eight days

> Egypt's foreign exchange reserves reached about $57.5 billion at the end of October, up $152 million from September, and the central bank governor confirmed the figure on November 6. The pound had weakened past EGP 56 per dollar, the central bank raised rates by 100 basis points on October 29, and Egypt was seeking to complete the final reviews of its IMF program before it expires on December 15.

- Date: 2026-11-07 · published 2026-11-07T12:11:38.796Z
- Category: macro · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/85922-record-57-5bn-in-reserves-a-record-low-pound-and-an-imf-tranche-due-in-eight
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

The pound's weakness raises the local-currency cost of imported feed and farm inputs, while higher reserves and a potential IMF agreement could help ease pressure on foreign-currency availability. Tighter monetary policy may support the pound but also raises domestic financing costs.

## Read by commodity

- USDEGP: bullish ▲

## Sources

- mefiles.news: https://mefiles.news/story/2026-11-07-record-57-5bn-in-reserves-a-record-low-pound-and-an-imf

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.