Sunday, May 6, 2012
Egypt’s foreign currency reserves rise for 1st time since 2011 anti-Mubarak uprising
Cairo, Egypt’s central bank says the nation’s foreign currency reserves have recorded their first rise since the uprising that toppled longtime ruler Hosni Mubarak 15 months ago.
It said on its web site on Sunday the reserves stood at $15.21 billion by the end of April, an increase of $100 million over the previous month. Egypt’s official news agency attributed the small rise to a partial recovery in tourism and reduced imports.
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