Egypt’s Foreign Cash Reserves Surge $73 million in January 2014
Egypt’s foreign exchange reserves surged by $ 73 million to $ 17.104 billion in January from $ 17.031 billion in December, the Central Bank of Egypt (CBE) announced on Thursday, to welcome the arrival of the new year.
The reserves stood at $ 17 billion by 2013-end, down by EGP 734 million. Egypt’s foreign exchange reserves, which stood at $36 billion on the eve of the 2011 uprising against former President Hosni Mubarak, have been hit by political turmoil since his downfall.
The values of Egypt’s net foreign reserves held by the Central Bank of Egypt during the last two years are as follows:
|
Month |
Value (US$ Bln) |
|
December 2010 |
36.005 |
|
January 2011 |
35.007 |
|
February 2011 |
33.321 |
|
March2011 |
30.106 |
|
April 2011 |
28.024 |
|
May2011 |
27.228 |
|
June2011 |
26.564 |
|
July2011 |
25.706 |
|
August 2011 |
25.008 |
|
September 2011 |
24.009 |
|
October2011 |
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 |
|
May2012 |
15.515 |
|
June 2012 |
15.533 |
|
July2012 |
14.442 |
|
August 2012 |
15.127 |
|
September 2012 |
15.042 |
|
October 2012 |
15.483 |
|
November 2012 |
15.035 |
|
December 2012 |
15.014 |
|
January 2013 |
13.613 |
|
February2013 |
13.508 |
|
March 2013 |
13.424 |
|
April 2013 |
14.4264 |
|
May 2013 |
16.039 |
|
June 2013 |
14.921 |
|
July 2013 |
18.88 |
|
August 2013 |
18.916 |
|
September 2013 |
18.709 |
|
October 2013 |
18.590 |
|
November 2013 |
17.765 |
|
December 2013 |
17.031 |
|
January 2014 |
17.104 |
