Egypt has become the largest buyer of gold among central banks in the world during the first quarter of this year, amid a state of economic instability as a result of the Russian war in Ukraine, whose effects are suffering from the Egyptian and global markets, and the absence of official information about the Egyptian demand for the yellow metal at this time. A report issued by the World Gold Council a few days ago indicated that the Central Bank of Egypt bought 44 tons of gold during the month of February, raising its total possessions by 54% and reaching 125 tons, which is equivalent to 17% of the total Egyptian reserves. the highest among the countries in the region. The World Gold Council consists of the leading companies in the field of gold mining and was established in 1987 and is based in London. NBC on this matter yet.
