CAIRO, Oct 7 (Aswat Masriya) - Egyptian net foreign reserves dropped to $16.335 billion at the end of September, dropping by nearly $2 billion in one month, the central bank said on Wednesday.

This is a decrease from $18.096 billion at the end of August. The central bank did not cite any reasons behind the drop.

Foreign reserves hiked between March and April when Egypt received deposits worth a total $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 removed the Muslim Brotherhood-affiliated 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.