Egypt posts drop in foreign reserves
08/07/2014 1:39 am EDT


share with your network:




Egypt’s central bank has said the country’s foreign reserves dropped to $16.678bn at the end of June from $17.284bn in the previous month, Reuters has reported. 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 President Mohamed Mursi. Reserves stood at about $36bn before the 2011 revolt.

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.