Egypt's foreign reserves hit $15.54bn in July

Cairo – Mubasher: Egypt’s net foreign reserves fell 11.45% by the end of July 2016, according to a statement by the Central Bank of Egypt

Net foreign reserves thus reached $15.54 billion in July 2016, compared with $17.55 billion a month earlier.

The statement did not reveal the reason behind this decline amid a foreign currency shortage that the country has been facing since a 2011 uprising. 

Mubasher Contribution Time: 08-Aug-2016 06:54 (GMT)
Mubasher Last Update Time: 08-Aug-2016 06:54 (GMT)

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