Egypt’s foreign reserves surged about US$ one billion to reach US$ 14.4 billion at the end of last April, compared to US$ 13.4 billion at the end of last March, thanks to the US$ 2 billion Libyan funds deposited in the Central Bank of Egypt last month for five years without an interest.
International reserves registered the first hike during the last six months when the reserves surged to EGP 14.483 billion and then plunged to US$ 13.424 billion at the end of last March.
Hisham Ramez, Governor of CBE, had earlier announced that the county’s foreign reserves are expected to increase after receiving the Libyan deposit.
The values of international reserves held by the Central bank of Egypt over the last two years are as follows:
|
Month |
Value In US$ Bln |
|
December 2010 |
36.005 |
|
January 2011 |
35.007 |
|
February 2011 |
33.321 |
|
March 2011 |
30.106 |
|
April 2011 |
28.024 |
|
May 2011 |
27.228 |
|
June 2011 |
26.564 |
|
July 2011 |
25.706 |
|
August 2011 |
25.008 |
|
September 2011 |
24.009 |
|
October 2011 |
22.071 |
|
November 2011 |
20.1 |
|
December 2011 |
18.119 |
|
January 2012 |
16.3 |
|
February 2012 |
15.7 |
|
March 2012 |
15.1 |
|
April 2012 |
15.2 |
|
May 2012 |
15.515 |
|
June 2012 |
15.533 |
|
July 2012 |
14.442 |
|
August 2012 |
15.127 |
|
September 2012 |
15.042 |
|
October 2012 |
15.483 |
|
November 2012 |
15.035 |
|
December 2012 |
15.014 |
|
January 2013 |
13.613 |
|
February 2013 |
13.508 |
|
March 2013 |
13.424 |
|
April 2013 |
14.4264 |
