Home MoneyBanks Egypt’s Foreign Reserves Fell US$ 21 Mln In December 2012

Egypt’s Foreign Reserves Fell US$ 21 Mln In December 2012

by Administrator

Egypt’s foreign cash reserves dropped US$ 21 million to reach US$ 15.014 billion at the end of last December, compared to US$ 15.035billion at the end of last November.

Banking experts attributed such decline in international reserves to the political turmoil which affected negatively the volume of tourism income, direct investments and exports.

The values of Egypt’s net foreign reserves held by the Central Bank of Egypt during the last two years are as follows:

Month

Value in US$ Billion

Month

Value in US$ Billion

December 2010

36.005

January 2012

16.3

January 2011

35.007

February 2012

15.7

February 2011

33.321

March 2012

15.1

March 2011

30.106

April 2012

15.2

April 2011

28.024

May 2012

15.515

May 2011

27.228

June 2012

15.533

June 2011

26.564

July 2012

14.442

July 2011

25.706

August 2012

15.127

August 2011

25.008

September 2012

15.042

September 2011

24.009

October 2012

15.483

October 2011

22.071

November 2012

15.035

November 2011

20.1

December 2012

15.014

December 2011

18.119

 

 

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