Egypt's foreign reserves up in August to $16.836 bln - c. bank

Reuters
An employee counts money at a bank in Cairo September 4, 2014. REUTERS/Asmaa Waguih

CAIRO (Reuters) - Egypt's foreign reserves rose to $16.836 billion at the end of August from $16.737 billion at the end of July, the central bank said on Sunday. Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but rose last year when Gulf Arab states gave billions of dollars of aid after the army deposed elected Islamist President Mohamed Mursi. Reserves stood at about $36 billion before the 2011 revolt.