Arab Today, arab today egypt foreign reserves slip to 1442 billion in july
Last Updated : GMT 03:52:09
Arab Today, arab today
Arab Today, arab today

Egypt foreign reserves slip to $14.42 billion in July

Arab Today, arab today

Arab Today, arab today Egypt foreign reserves slip to $14.42 billion in July

Cairo - Arabstoday

Egypt\'s foreign currency reserves have resumed their steep decline, falling to $14.42 billion in July from $15.53 billion in June, according to figures from the central bank on Tuesday. Reserves saw a mild climb of around $13 million in June, mirroring mild gains in April and May, their first since the January 2011 uprising began. The figure has plunged by more than half since political turmoil scared away tourists and spooked foreign investors, both major sources of foreign currency. From ahramonline

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