Foreign reserves down in November
Central Bank of Egypt (CBE)
Cairo - MENA
The Central Bank of Egypt (CBE) said Sunday the country's foreign currency reserves were down $1.027 billion in November.
Forex reserves hit $15.882 billion at the end of November against $16.909 billion in October, the CBE said in a press statement.
Egypt's net foreign reserves have plunged more than half the volume since the 2011 uprising, which scared off tourists and investors – both considered main sources of foreign currency for Egypt.
In January 2011, Egypt's net reserves stood at some $36 billion.
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