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URGENT ¥¥¥ Egypt foreign reserves drop in Jan by $1.4 bn: Central Bank

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(Globalpost/GlobalPost)

Egypt's foreign reserves fell by almost 10 percent to $13.6 billion in January, the Central Bank of Egypt said in a statement on Tuesday published by the official MENA news agency.

The bank said "foreign reserves fell heavily by $1.4 billion to $13.61 billion in January, from $15 billion in December," the agency reported. The statement gave no reason for the fall.

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http://www.globalpost.com/dispatch/news/afp/130205/urgent-egypt-foreign-reserves-drop-jan-14-bn-central-bank