Egypt foreign reserves slightly up to $16.415 bln in October

Egypt’s foreign currency reserves inched up to $16.415 billion in October from $16.335 billion the previous month, announced the central bank on Wednesday.

Egypt is struggling with depleting foreign currency reserves as its main sources of revenue – tourism, FDI and Suez Canal – were hit following the uprising against long-time autocrat Hosni Mubarak in 2011.

Reserves reached $36 billion before of the ousting of Mubarak.

source: Ahram online