Egypt foreign reserves fall by $206 mln in September

Egypt foreign reserves fall by $206 mln in September

By | 2013-10-04T10:58:39-04:00 October 4th, 2013|News|0 Comments
Egypt’s foreign reserves fell by $206 million in September to $18.71 billion, the central bank said on Thursday.
 
Reserves have been under pressure since Egypt’s 2011 popular uprising, but got a boost in July when Gulf Arab states sent it $5 billion after the army removed Islamist President Mohammad 
Mursi from power.
 
Reserves were $18.92 billion at the end of August and $15.43 billion at the end of September 2012.