Egyptian FM addresses Arab Women Organization Conference opening    Egypt's Sisi praises Bohra community's restoration efforts of Islamic sites    Egyptian pound closes high vs. US dollar – CBE    Australia's services PMI slows to 51 in April '25    Egypt condemns attacks on infrastructure in Sudan    Egypt's CBE auctions EGP 5b in FRN T-bonds    Egypt's pharma market hits EGP309b in '24 – EDA Chairman    Mashrou'ak injects EGP 32.4bn into local development projects since 2015    Gaza endures escalating massacres, humanitarian collapse amid diplomatic tensions    Beit El Watan initiative generates $10bn in sales: Minister    Egypt, Comoros pledge stronger economic ties, call for unified African voice on global issues    Egypt, Saudi Arabia deepen health sector cooperation with comprehensive MoU    Trump rules out third term, says Fed's Powell will stay, voices doubt on Ukraine peace    Gold prices drop by EGP 140 in local market over one week: iSagha    White House to cut NASA budget    Egypt's UHIA launches 1st electronic medical pricing system    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    EU ambassador commends Aswan's public healthcare during official visit    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Cabinet approves establishment of national medical tourism council to boost healthcare sector    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



CBE: Egypt's Forex Reserves Dip to $17.8 bln in Nov
Published in Amwal Al Ghad on 08 - 12 - 2013

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


Clic here to read the story from its source.