Egypt's foreign currency reserves inched higher by US$7 billion to record US$16.423 billion dollars at the end of November from US$16.415 billion the previous month, the central bank announced Thursday. The statistics were released a day after Egypt's new central bank governor Tarek Amer met President Abdel Fattah al-Sisi and told him that foreign reserves were 'reassuring', ‘stable' and would improve in the coming period. Egypt's foreign reserves stood at about $36 billion before the 2011 revolt but have dwindled since the uprising scared off tourists and foreign investors, which represent key sources of foreign exchange. Bankers had been watching out for a dip in reserves after the central bank pumped additional dollar liquidity into the banking sector in recent weeks to ease a forex crisis. The values of Egypt's foreign reserves held by the Central Bank of Egypt during 2015: Month Value (US$ Bln) January 15.429 February 15.456 March 15.290 April 20.525 May 19.559 June 20.079 July 18.534 August 18.096 September 16.335 October 16.415 November 16.423
