Egypt’s net international reserves reached a record $57.5 billion at the end of October, up from about $57.35 billion a month earlier and $50.1 billion a year earlier. President Abdel Fattah El-Sisi met with the prime minister and central bank governor to review inflation-control efforts, dollar inflows, and the next phase of economic reforms.
Higher reserves strengthen Egypt’s capacity to finance imports and may support confidence in the pound, potentially reducing local-currency costs for imported feed. The report does not identify a direct change in agricultural commodity supply or demand.
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