CAIRO, Oct 12 (Aswat Masriya) - Egypt's external debt rose from $46.067 billion to $48.062 at the end of the fiscal year 2014/2015 compared to the year before, jumping by 4.3 percent, the Central Bank of Egypt said on Monday. 

Although the value of the debt rose, its percentage of the gross domestic product in the previous fiscal year, which ended in June, dropped to 15 percent compared to 16.4 percent in the year before. 

The value of remittances by Egyptians living and working abroad rose from $18.56 billion to $19.33 in the previous fiscal year, the bank said. This represents a rise of around 4.4 percent.  

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. 

Foreign exchange reserves have fallen by more than half, since 2011 when they were valued at $36 billion before the uprising. Amid the continued pressures on foreign resrves, Egypt has had to depreciate its currency twice this year and investment banks expect further devaluing before the end of 2015.

By March 2015, Egypt's domestic debt had soared to EGP 2.016 trillion. Total debt was valued at EGP 1.9 trillion in December 2014.