Egypt Independent

Foreign reserves climb by US$441 mn in October

The foreign reserves

rose by US$441 million in October, the Central Bank of Egypt said on its website Monday.

Net international reserves were $15.48 billion at the end of October, up from $15.04 billion at the end of September, the bank said.

The reserves have plunged by more than half since a popular uprising in January 2011, which scared away tourists and investors, two of the country’s main sources of foreign currency.