BREAKING: Egypt’s Foreign Reserves Up at $17.414 billion in March

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Egypt’s foreign reserves increased to $17.414 billion in March from $17.307 billion in February, the central bank said in a statement on Monday.

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 the army after it 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

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