Conley
02-07-2012, 02:27 PM
Egypt’s central bank says the country’s net international reserves dropped by more than $1.7 billion in January, continuing a slide that began in January 2011 with the uprising that ousted former President Hosni Mubarak.
Figures posted on the bank’s website Tuesday showed the foreign reserves stood at $16.35 billion, compared to about $18.1 billion at the end of December. The reserves are now almost 55 percent below their level at the end of December 2010.
http://www.washingtonpost.com/business/economy/egypts-net-international-reserves-fall-17-billion-in-january-down-54-pct-since-end-2010/2012/02/07/gIQAtcgMwQ_story.html
That country is headed toward disaster. Civil war wouldn't be unlikely and their economy is obviously nosediving. Having seen these numbers it makes their treatment of the Americans and international workers even more foolish.
Figures posted on the bank’s website Tuesday showed the foreign reserves stood at $16.35 billion, compared to about $18.1 billion at the end of December. The reserves are now almost 55 percent below their level at the end of December 2010.
http://www.washingtonpost.com/business/economy/egypts-net-international-reserves-fall-17-billion-in-january-down-54-pct-since-end-2010/2012/02/07/gIQAtcgMwQ_story.html
That country is headed toward disaster. Civil war wouldn't be unlikely and their economy is obviously nosediving. Having seen these numbers it makes their treatment of the Americans and international workers even more foolish.