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CBE announces international reserves for Egypt
AHMED YAQOUB NOURHAN MAGDI Published in Youm7 on 03 - 12 - 2011

The Central Bank of Egypt will officially announce the size of international reserves of foreign currencies in Egypt by measuring the rate of decline occurring during reserves in November 2011, a prominent banker source told Youm7.
The sources added the foreign monetary reserves for Egypt dramatically declined, estimated at U.S. $14 billion since the beginning of 2011.
The reserves reached U.S. $36 billion by the end of December 2010, totaling U.S. $22 billion by the end October.
The reserves witnessed a huge decline during October, which lead to lose U.S. $2 billion.

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