Egypt’s Foreign Cash Reserves Up To US$ 15.4 Bln
Egypt’s foreign cash reserves rose by US$ 441 million, registering US$ 15.483 billion at the end of last October, compared to US$ 15.042 billion at the end of last September.
The foreign cash reserves climbed to the highest level since last year’s revolution. Egypt lost more than US$ 20 billion in the last 22 months, registering US$ 15.4 billion at the end of last October, compared to US$ 35 billion.
A number of bankers attributed such increase to the US$ 500 million loan which Turkey offered to Egypt at the end of last month.
|
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 |
