Egypt forex reserves drop slows to $636 mln in February
CAIRO (Reuters) – Egypt’s net foreign reserves fell by $636 million in February, the central bank said on its website on Sunday, marking a signicant slowdown from the sharp decreases of the previous four months. Reserves declined to $15.72 billion at the end of February from $16.35 billi
CAIRO (Reuters) – Egypt’s net foreign reserves fell by $636 million in February, the central bank said on its website on Sunday, marking a signicant slowdown from the sharp decreases of the previous four months.
Reserves declined to $15.72 billion at the end of February from $16.35 billion at the end of January.
Since October, reserves had been falling by close to $2 billion a month.
Following is a table of Egypt’s net foreign reserves in billions of U.S. dollars, according to the central bank’s website.