Egypt

Central bank: Egypt’s foreign reserves lose $1 billion at end of May

Egypt's foreign currency reserves lost US$965.3 million reach to US$19.56 billion at the end of May, compared to $20.53 billion in the previous month, the central bank said on Sunday.
 
Foreign reserves had jumped by 39 percent to $20.53 billion at the end of April 2015, due to $6 billion in Gulf deposits from Saudi Arabia, Kuwait and the UAE.
 
Foreign reserves were $15.29 billion in March.

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