Egypt foreign reserves rise to $16.564 bln end-august: CBE

Egypt's net foreign reserves rose to US$16.564 billion at the end of August, the Central Bank of Egypt (CBE) said on Sunday.

Reserves stood at $15.536 billion at the end of July.

Egypt had roughly $36 billion in reserves before an uprising in 2011 overthrew Hosni Mubarak.

That ushered in a period of political turmoil that scared away tourists and foreign investors, key sources of foreign exchange.

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