Egypt's foreign exchange reserves fell by around $ 825 million to $ 17.765 billion in November from $ 18.590 billion in October, the Central Bank of Egypt (CBE) announced on Sunday, their lowest level since an influx of funds from Gulf states after the July 3 ouster of Islamist President Mohamed Morsi. The reserves stood at $ 15 billion in November 2012. Egypt's foreign exchange reserves, which stood at $36 billion on the eve of the 2011 uprising against former President Hosni Mubarak, have been hit by political turmoil since his downfall. On December 4th, the Central Bank Governor Hisham Ramez said in a keynote speech at the Gulf-Egyptian Investment Forum that Egypt's foreign currency reserves would record a slight decline during November, 2013 compared to a month earlier. The values of Egypt's net foreign reserves held by the Central Bank of Egypt during the last two years are as follows: Month Value (US$ Bln) December 2010 36.005 January 2011 35.007 February 2011 33.321 March2011 30.106 April 2011 28.024 May2011 27.228 June2011 26.564 July2011 25.706 August 2011 25.008 September 2011 24.009 October2011 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 May2012 15.515 June 2012 15.533 July2012 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 February2013 13.508 March 2013 13.424 April 2013 14.4264 May 2013 16.039 June 2013 14.921 July 2013 18.88 August 2013 18.916 September 2013 18.709 October 2013 18.590 November 2013 17.765
