Advertisement
UK markets open in 4 hours 15 minutes
  • NIKKEI 225

    38,885.32
    +268.22 (+0.69%)
     
  • HANG SENG

    18,878.74
    -316.86 (-1.65%)
     
  • CRUDE OIL

    76.96
    -0.61 (-0.79%)
     
  • GOLD FUTURES

    2,373.60
    -19.30 (-0.81%)
     
  • DOW

    39,671.04
    -201.95 (-0.51%)
     
  • Bitcoin GBP

    54,568.30
    -445.07 (-0.81%)
     
  • CMC Crypto 200

    1,512.92
    -13.50 (-0.88%)
     
  • NASDAQ Composite

    16,801.54
    -31.08 (-0.18%)
     
  • UK FTSE All Share

    4,560.55
    -23.85 (-0.52%)
     

Egypt says foreign reserves rise to $17.011 bln at end-April

CAIRO (Reuters) - Egypt's net foreign reserves rose to $17.011 billion at the end of April, the central bank said on Wednesday. Reserves stood at $16.561 billion at the end of March. Egypt had roughly $36 billion in reserves before an uprising in 2011 overthrew Hosni Mubarak and ushered in a period of political turmoil that scared away tourists and foreign investors, key sources of foreign exchange. Last month the United Arab Emirates pledged $4 billion to Egypt, half in investments and the rest as a central bank deposit to support cash reserves. (Reporting by Asma Alsharif; editing by John Stonestreet)