Egypt's foreign reserves slide to $15.291 bln - central bank

Tuesday 07-04-2015 02:09 PM
Egypt's foreign reserves slide to $15.291 bln - central bank

A sheet of the front side of United States one dollar bills is seen during production at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron

By

CAIRO, Apr 7 (Aswat Masriya) - Egypt's net foreign reserves at the end of March reached $15.291 billion, the central bank said on Tuesday, dropping from $15.456 at the end of February. 

Egypt's economy has been badly affected 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.

facebook comments