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

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.