CBE: Egypt’s Forex Reserves Dip $734 mln in December

The Central Bank of Egypt (CBE) announced on Monday the country’s foreign cash reserves hit $17.031 billion at the end of December 2013, with a decline of $734 million from $17.765 billion a month earlier.

This is the fourth successive monthly decline, as reserves reached $18.92 billion in August, $18.7 billion in September and $18.59 billion in October.