CAIRO: Egypt’s net foreign reserves reached $16.48 billion at the end of January, slightly higher than in December, the central bank said on Thursday.

Egypt’s foreign currency reserves rose to $16.445 billion at the end of December from $16.422 billion the previous month.

Egypt’s foreign reserves stood at about $36 billion before the 2011 revolt which overthrew Hosni Mubarak but have dwindled since the uprising scared off tourists and foreign investors, key sources of foreign exchange.