Egypt foreign reserves rise to $16.736 bln at end-July

Thursday 07-08-2014 04:37 PM
Egypt foreign reserves rise to $16.736 bln at end-July

An employee carries money at an exchange office in downtown Cairo June 5, 2014. REUTERS/Amr Abdallah Dalsh

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CAIRO, August 7 (Reuters) - Egypt's foreign reserves rose to $16.736 billion at the end of July from $16.687 billion in June, the central bank said on Thursday.

Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but rose last year when Gulf Arab states gave billions of dollars of aid after the army deposed elected Islamist President Mohamed Mursi.

Reserves stood at about $36 billion before the 2011 revolt. (Reporting By Stephen Kalin; Editing by Toby Chopra)

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