Cairo – Mubasher: The Central Bank of Egypt (CBE) announced on Tuesday that its net international reserves rose by about $23 million to $16.445 billion in December 2015, versus $16.422 billion in the previous month.
Egypt’s net foreign reserve rose last October by $80 million to $16.41 billion, against $16.33 billion in September 2015.
Earlier in December, CBE said that it reimbursed all backlog to foreign investors, at a value of $547.2 million.
Foreign reserves reached about $36 billion before the 25th January 2011 revolution which toppled long-term president Hosni Mubarak and were boosted by GCC aids following the ouster of President Mohamed Mursi.
