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Egypt forex reserves drop slows to $636 mln in February - Daily News Egypt

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Egypt forex reserves drop slows to $636 mln in February

CAIRO: Egypt’s net foreign reserves fell by $636 million in February, the central bank said on its website on Sunday, marking a sign cant slowdown from the sharp decreases of the previous four months. Reserves declined to $15.72 billion at the end of February from $16.35 billion at the end of January. Since October, reserves …


CAIRO: Egypt’s net foreign reserves fell by $636 million in February, the central bank said on its website on Sunday, marking a sign cant slowdown from the sharp decreases of the previous four months.

Reserves declined to $15.72 billion at the end of February from $16.35 billion at the end of January.

Since October, reserves had been falling by close to $2 billion a month.

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https://www.dailynewsegypt.com/2012/03/04/egypt-forex-reserves-drop-slows-to-636-mln-in-february/
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