Cairo: Egypt’s foreign reserves rose to $16.736 billion (Dh61.4 billion) at the end of July from $16.687 billion in June, the central bank said on Thursday. Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but rose last year when Gulf Arab states gave billions of dollars of aid after the army deposed elected Islamist President Mohammad Mursi. Reserves stood at about $36 billion before the 2011 revolt.
Egypt foreign reserves rise to $16.736b at end-July
Country’s reserves stood at about $36b before the 2011 revolt