Egypt foreign reserves drop 10 percent in a month

Associated Press

CAIRO (AP) — Egypt's central bank says foreign currency reserves dropped nearly 10 percent in January compared to the previous month, dipping to $13.6 billion.

The new figures show the reserves fell $1.4 billion from $15.01 billion in December.

Egypt's foreign reserves have dropped by more than half since the uprising that ousted longtime ruler Hosni Mubarak two years ago.

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