Egypt’s Foreign Reserves Up In September To $16.872 Bln -C. Bank

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Egypt’s foreign reserves rose to $16.872 billion at the end of September from $16.836 billion at the end of August, the central bank said on Wednesday.

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