Egypt foreign reserves fall to $42.551 bln in December — central bank

Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt March 8, 2016. (Reuters)

• The reserves had been climbing since Egypt signed a $12 billion, three-year IMF loan

CAIRO: Egypt’s foreign currency reserves fell to $42.551 billion in December from $44.513 billion in November, the central bank said on Monday.
The reserves had been climbing since Egypt signed a $12 billion, three-year International Monetary Fund loan in November 2016 as part of efforts to attract foreign investors who fled during the 2011 uprising.