CAIRO: A report released by the Central Bank of Egypt on Tuesday, December 6 revealed a drastic decline in the country's foreign reserves, which will now only cover 5.2 months of imported goods, totaling U.S. $22.1 billion at the end of October. The bank estimated foreign reserve decline at U.S. $4.5 billion during the July to October period of the 2011-2012 fiscal year. The decline is estimated at 16.9 percent, after official reserves were at U.S. $24.4 billion at the end of September 2011. Assets in foreign currencies also decreased, estimated at U.S. $0.3 billion at the end of June 2011 and dropping further to U.S. $0.2 billion by the end of September.