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 |
|
|
