Egypt's foreign cash reserves rose by US$ 700 million, registering US$ 15.1 billion in August, up from US$ 14.4 billion in July. A number of banking experts said such increase came after Qatar deposited US$ 500 million in the Central Bank of Egypt (CBE) out of $2 billion that it pledged to deposit. In addition, Egypt paid the bonds dues that it earlier issued and the first debt repayment amounting to US$ 1.64 billion that it owed to Paris Club last July. The value of Egypt's net foreign reserves since the revolution is as follows: Month Net Foreign Reserves (value in EGP billion) December 2010 36.005 January 2011 35.007 February 2011 33.321 March 2011 30.106 April 2011 28.024 May 2011 27.228 June 2011 26.564 July 2011 25.706 August 2011 25.008 September 2011 24.009 October 2011 22.071 November 2011 20.1 December 2011 18.119 January 2012 16.3 February 15.7 March 15.1 April 15.2 May 15.5 June 15.5 July 14.442 August 15.12
