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Egypt's Foreign Reserves Rise $38mn in October – CBE
Ahmed Ali Published in Amwal Al Ghad on 06 - 11 - 2014

Egypt's foreign reserves registered a $38 surge to hit $16.909 billion at the end of October from $16.871 billion in September, the central bank announced on Thursday. This signals the fourth consecutive month that the country's foreign reserves witnessed a rise.
Last October, Egypt repaid a Qatari deposit worth $500 million, which was deposited in the central bank as part of Qatari aid during the rule of Islamist president Mohamed Morsi.
Meanwhile, another deposit worth $2.5 billion will be returned within the current November.
The values of Egypt's foreign reserves held by the Central Bank of Egypt during 2014:
Month
Value (US$ Bln)
January
17.104
February
17,307
March
17.414
April
17.489
May
17.283
June
16.687
July
16.736
August
$16.835
September
$16.871
October
$16.909

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