Foreign reserves climb by US$441 mn in October
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This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press....
Foreign reserves climb by US$441 mn in October
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Mon, 05/11/2012 - 16:00
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.
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