Egypt foreign reserves rise to $16.564 bln end-august

Sunday 04-09-2016 09:00 PM

Egypt's Central Bank, Reuters

By Reuters

CAIRO, Sept 4 (Reuters) - Egypt's net foreign reserves rose to $16.564 billion at the end of August, the central bank said on Sunday.

Reserves stood at $15.536 billion at the end of July.

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 Eric Knecht; Editing by Angus MacSwan)

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