Egypt Foreign Reserves Fall To $16.678 Bln At End-June

Egypt’s foreign reserves fell to $16.678 billion at the end of June from $17.284 billion in May, the central bank said on Monday.

Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but rose last year when Gulf Arab states gave billions of dollars of aid after the army deposed elected Islamist President Mohamed Mursi.

Reserves stood at about $36 billion before the 2011 revolt.

Source: Reuters