# Egypt Adds $151.6m to Reserves as Policy Deposit Rate Reaches 20%

> Egypt’s provisional net international reserves rose to $57.4998 billion at the end of October from $57.3482 billion at the end of September, an increase of $151.6 million. Separately, the Central Bank of Egypt raised its overnight deposit rate by 100 basis points to 20% and its lending rate to 21% on October 29.

- Date: 2026-11-07 · published 2026-11-08T03:12:33.331Z
- Category: macro · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/86966-egypt-adds-151-6m-to-reserves-as-policy-deposit-rate-reaches-20
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Higher rates may support the pound and the reserve increase adds modestly to the country’s foreign-currency buffer, potentially easing import-cost pressure. The reserve change is small relative to the total stock and does not by itself establish that the central bank bought dollars in the market.

## Read by commodity

- USDEGP: bearish ▼

## Sources

- fxnews.ai: https://fxnews.ai/news/egypt-reserves-october-rate-rise/

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