The Central Bank of Egypt's foreign reserves fell US$ 84 million to reach US$ 13.424 billion at the end of last March, compared to US$ 13.508 billion at the end of last February. CBE announced from days that it used US$ 1.3 billion for imports including basic commodities and petroleum. Despite that, the reserves of foreign currency at the central bank did not fall significantly in March, thanks to good management of foreign currency resources and uses. Through the auctions the government is rationing its supply of dollars and giving priority to importers of essential goods, including supply commodities, petroleum materials, pharmaceuticals, fertilizers and pesticides as well as intermediate machines, equipments and goods. CBE had earlier revealed that it US$ 35 billion had gone towards the country's main requirements during the period from January 2011 to December 2012 as follows: US$ 14 billion for petroleum imports, US$ 8 billion for foreign debt repayment and US$ 13 billion for foreigners disinvesting from the local debt market. Accordingly, the country's foreign reserves fell from US$ 36 billion at the beginning of January 2011 to low levels. The value CBE's gold reserves reached US$ 3.3 billion, while its foreign currency liquidity reached US$ 8.9 billion at the end of last January. The values of net international reserves held by the Central bank of Egypt since December 2010 are as follows: Month Value in US$ Billion Month Value in US$ Billion December 2010 36.005 February 2012 15.7 January 2011 35.007 March 2012 15.1 February 2011 33.321 April 2012 15.2 March 2011 30.106 May 2012 15.515 April 2011 28.024 June 2012 15.533 May 2011 27.228 July 2012 14.442 June 2011 26.564 August 2012 15.127 July 2011 25.706 September 2012 15.042 August 2011 25.008 October 2012 15.483 September 2011 24.009 November 2012 15.035 October 2011 22.071 December 2012 15.014 November 2011 20.1 January 2013 13.613 December 2011 18.119 February 2013 13.508 January 2012 16.3 March 2013 13.424
