Last Update 18:21
Monday, 14 October 2019

Egypt says foreign reserves at $17.52 billion at end of May

Reuters , Thursday 2 Jun 2016
The Central Bank of Egypt
The Central Bank of Egypt's headquarters in downtown Cairo (Photo: Reuters)
Share/Bookmark
Views: 1825
Share/Bookmark
Views: 1825

 Egypt's net foreign reserves rose to $17.52 billion at the end of May, the central bank said on Wednesday. Reserves stood at $17.011 billion at the end of April.

Egypt had roughly $36 billion in reserves before an uprising in 2011 overthrew Hosni Mubarak. That ushered in a period of political turmoil that scared away tourists and foreign investors, key sources of foreign exchange.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
1



Al
02-06-2016 01:56pm
1-
2+
Island effect
Thanks to the $2.5 billion “grant” from mama Saudi. To go back to the $35 b level we had in 2010 we need appraisals for more Islands; with tourism dead, canal dormant, and manufacturing in a coma; Islands seem to be the only thing we can export these days!
Email
 
Name
 
Comment's Title
 
Comment
Latest

© 2010 Ahram Online.