Egypt’s Foreign Cash Reserves Drop US$448 Mln At End Of November
Egypt’s foreign cash reserves dropped US$ 448 million to reach US$ 15.035billion at the end of last November, compared to US$ 15.483 billion at the end of last October.
Banking experts said such retreat in international reserves was a result of the political turmoil which reduced tourism income, direct investments and exports.
|
Month |
Value in US$ Billion |
|
December 2010 |
36.005 |
|
January 2011 |
35.007 |
|
February 2011 |
33.321 |
|
March 2011 |
30.106 |
|
April 2011 |
28.024 |
|
May 2011 |
27.228 |
|
June 2011 |
26.564 |
|
July 2011 |
25.706 |
|
August 2011 |
25.008 |
|
September 2011 |
24.009 |
|
October 2011 |
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 |
|
May 2012 |
15.515 |
|
June 2012 |
15.533 |
|
July 2012 |
14.442 |
|
August 2012 |
15.127 |
|
September 2012 |
15.042 |
|
October 2012 |
15.483 |
|
November 2012 |
15.035 |