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Egypt’s Foreign Cash Reserves Up To US$ 15.4 Bln

by Administrator

Egypt’s foreign cash reserves rose by US$ 441 million, registering US$ 15.483 billion at the end of last October, compared to US$ 15.042 billion at the end of last September.

The foreign cash reserves climbed to the highest level since last year’s revolution. Egypt lost more than US$ 20 billion in the last 22 months, registering US$ 15.4 billion at the end of last October, compared to US$ 35 billion.

A number of bankers attributed such increase to the US$ 500 million loan which Turkey offered to Egypt at the end of last month.

Month

Value in US$ Billion

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

 

 

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