Egypt's foreign reserves surged about US$ one billion to reach US$ 14.4 billion at the end of last April, compared to US$ 13.4 billion at the end of last March, thanks to the US$ 2 billion Libyan funds deposited in the Central Bank of Egypt last month for five years without an interest. International reserves registered the first hike during the last six months when the reserves surged to EGP 14.483 billion and then plunged to US$ 13.424 billion at the end of last March. Hisham Ramez, Governor of CBE, had earlier announced that the county's foreign reserves are expected to increase after receiving the Libyan deposit. The values of international reserves held by the Central bank of Egypt over the last two years are as follows: Month Value In US$ Bln 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 December 2012 15.014 January 2013 13.613 February 2013 13.508 March 2013 13.424 April 2013 14.4264
