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Egypt's foreign reserves fell in May: CBE

Ahram Online , Sunday 7 Jun 2015
The Central Bank of Egypt's headquarters in downtown Cairo (Photo: Reuters)
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Views: 1593

Egypt's foreign currency reserves edged down to $19.559 billion at the end of May from $20.5 billion the previous month, the central bank said on Sunday.

Foreign reserves had fallen sharply following the 2011 uprising but increased in April as Egypt received $6 billion in deposits from Gulf Arab countries which pledged aid during an investment conference in March.

Reserves stood at about $36 billion before the 2011 revolt.


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