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Egypt's Net International Reserves slightly up in October

Ahram Online, Thursday 6 Nov 2014

Egypt's net international reserves slightly grew at the end of October, the Central Bank of Egypt said on its website.

Reserves reached $16.909 billion in October, slightly up from $16.872 billion recorded a month earlier.

Reserves dropped after a 2011 uprising forced president Hosni Mubarak to step-down, but were lifted last year when Gulf Arab states gave billions of dollars in aid to Egypt after Islamist president Mohamed Morsi was deposed in 2013.

 
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