Egypt ranks 3rd globally in gold reserves ...Egypt

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Egypt ranks 3rd globally in gold reserves
Egypt is ranked 3rd globally in gold reserves, Nagy Farag, Advisor to the Minister of Supply for Gold Industry Affairs, said. He further explained that Egypt has become the third in the world in terms of increasing strategic reserves. Farag added, during a telephone conversation with TV presenter Azza Mustafa, presenter on Sada al-Balad channel, Wednesday, that the Egyptian government raised its gold reserves from 75 tons to 125 tons, an increase of 45 tons. This is a very good development, and a strong force for the Central Bank and for the stability of the Egyptian economy. He attributed the reason behind the rise in gold reserves to the Central Bank buying the production of gold mines, a

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