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Egypt's foreign reserves rose to $16.445 billion at end-December
Mohamed Hamdy Published in Amwal Al Ghad on 05 - 01 - 2016

Egypt's foreign currency reserves rose by US$23 million to record US$16.445 billion dollars at the end of December from $16.422 billion the previous month, the central bank announced early Tuesday.
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
December
16. 445

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