Egypt says foreign reserves at $17.52 billion at end of May

Thursday 02-06-2016 03:53 PM

Central Bank of Egypt (CBE) - Archive

By Reuters

CAIRO, June 1 (Reuters) - Egypt's net foreign reserves rose to $17.52 billion at the end of May, the central bank said on Wednesday. Reserves stood at $17.011 billion at the end of April.

Egypt had roughly $36 billion in reserves before an uprising in 2011 overthrew Hosni Mubarak. That ushered in a period of political turmoil that scared away tourists and foreign investors, key sources of foreign exchange.

(Reporting by Ehab Farouk; Writing by Ahmed Aboulenein; Editing by Larry King)

facebook comments