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Egypt foreign reserves take dip in August

Figures fall a further $700 million but drops are slowing as economy regains some ground

Ahram Online and agencies, Tuesday 6 Sep 2011

Egypt's net foreign reserves slipped to US$25.08 billion last month from $25.71 billion in July, figures on the central bank's website showed.

According to the website, Egypt's net foreign reserves in billions of US dollars stood at the following:

                                                Aug 2011   July 2011   Aug 2010

Net foreign reserves            25.008      25.706      35.527

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