Thursday 25 April 2024

Egypt foreign reserves fall by $84m in Sept

Cairo, October 8, 2012

Egypt's foreign reserves fell by $84 million in September but held above $15 billion for a third straight month after foreign donors began fulfilling promises of aid to the country's troubled economy.

Net international reserves fell to $15.04 billion at the end of September from $15.13 billion at the end of August, Egypt's central bank said on its website.

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

Tags: Egypt | Currency | Cairo | Foreign reserves | September |

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