Egypt foreign reserves drop 10 percent in a month

CAIRO (AP) ? Egypt's central bank says foreign currency reserves dropped nearly 10 percent in January compared to the previous month, dipping to $13.6 billion.

The new figures show the reserves fell $1.4 billion from $15.01 billion in December.

Egypt's foreign reserves have dropped by more than half since the uprising that ousted longtime ruler Hosni Mubarak two years ago.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-05-ML-Egypt-Economy/id-595c6b4cbcaf407fb1f5f37b1e06af77

doug hutchison