Mubasher TV
Contact Us Advertising   العربية

Egypt's foreign reserves record $15.456bn at Feb

Egypt's foreign reserves record $15.456bn at Feb
Photo Credit: Arabianeye-Reuters

Egypt's foreign currency reserves rose to $15.47 billion at the end of February 2015 compared to $15.43 billion at the end of January 2015, according to the Central Bank of Egypt (CBE).

Foreign reserves fell sharply after the 2011 uprising that ousted President Hosni Mubarak but had risen again on the back of billions of dollars of Gulf Arab aid that has flooded into Egypt since the army overthrew elected Islamist President Mohamed Mursi in 2013.

Reserves stood at about $36 billion before the 2011 uprising.