BREAKING: Egypt’s Foreign Reserves Rise to $17.489 bln in April

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Egypt’s foreign reserves rose to US$ 17.489 bln in April from US$ 17.414 bln in March, the central bank said on Wednesday.

Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but were lifted last year when Gulf Arab states gave billions of dollars in aid to Egypt after the army deposed elected Islamist President Mohamed Morsi following protests against his rule.

The values of Egypt’s foreign reserves held by the Central Bank of Egypt during 2014:

Month

Value (US$ Bln)

January 2014

17.104

February 2014

17,307

March 2014

17.414

April 2014

17.489

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