Egypt’s Foreign Reserves Are Within a ‘Safe’ Range, Okdah Say
December 11, 2011, 6:37 PM ESTBy Abdel Latif Wahba
Dec. 10 (Bloomberg) -- Egypt’s foreign reserves, which dropped for an 11th straight month in November to $20.15 billion, are still in a “safe range,” Central Bank Governor Farouk Al-Okdah told reporters in Cairo today.
To contact the reporter on this story: Abdel Latif Wahba in Cairo at alatifwahba@bloomberg.net
To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net
