CAIRO, Jun 7 (Aswat Masriya) - Egyptian net foreign reserves dropped to $19.559 billion at the end of May, dropping by nearly $1 billion in a month, the central bank said on Sunday.

This is a decrease from $20.525 billion at the end of April. Foreign reserves hiked between March and April when Egypt received deposits worth a total of $6 billion on April 22 from three Gulf nations; Saudi Arabia, the United Arab Emirates and Kuwait.

The three oil-rich Gulf countries were quick to back and financially support Egypt's interim authorities, which took charge after the ouster of Muslim Brotherhood politician and former president Mohamed Mursi in 2013. 

Egypt's economy has been hit hard by the political turmoil which gripped the country since a popular uprising toppled former President Hosni Mubarak in January 2011. 

The political situation has taken its toll on the foreign reserves, which stood at almost $36 billion before 2011.