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Foreign reserves fall by US$84 mn in September

Egypt's foreign reserves fell by US$84 million in September, but held above $15 billion for a third straight month after foreign donors began fulfilling promises of aid to the country’s troubled economy.

Net international reserves fell to $15.04 billion at the end of September, from $15.13 billion at the end of August, the Central Bank of Egypt said on its website.

The reserves have plunged by more than half since a popular uprising in January 2011, which scared away tourists and investors, two of the country’s main sources of foreign currency.

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