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Egypt foreign reserves drop to $22.1 billion in October

Ahram Online, Thursday 3 Nov 2011

Another $2 billion was wiped from the country's reserves over the last month, says central bank

Dollar
The drop of around $2 billion in reserves is one of the largest since former president Hosni Mubarak was ousted in February. (Photo: Reuters)

Egypt's net foreign reserves plunged to US$22.072 billion in October from $24.01 billion the month before, according to figures published on the central bank's website on Thursday.

The drop of around $2 billion is one of the largest since former president Hosni Mubarak was ousted in February.
 
Foreign reserves for October 2010 were $35.545 billion, according to central bank data.
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