Egypt says foreign currency reserves dropped to $18.59bnNovember 7, 2013 - 16:04 AMT PanARMENIAN.Net - Egypt's central bank says the country's foreign currency reserves dropped slightly, to $18.59 billion at the end of October. The announcement was reported on the central bank's official website on Thursday, Nov 7, according to the Associated Press. The level represents a slight drop from July, when foreign reserves reached $18.8 billion — their highest level in almost two years. That increase came after Saudi Arabia, the United Arab Emirates and Kuwait pledged a total of $12 billion dollars in aid to Egypt following the popularly-backed July 3 coup that ousted the country's Islamist President Mohammed Morsi. The three Gulf countries had been at odds with Morsi and his Muslim Brotherhood group. Still, Egypt's military-backed interim government faces increasing unemployment, widespread poverty and a burdensome and ill-distributed subsidy system. Related links: Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | SBP instant transfers now available from 190 Russian banks to Armenia To receive money from Russian banks, easywallet users need to go to their easywallet accounts. Armenia's Davit Chaloyan qualifies for Paris Olympics The Armenian boxer qualified for Paris Olympics after a series of successful bouts at the 2nd World Qualification Tournament. Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. French-Armenian journalist returns to France after 41-day hunger strike Nicolian said on social media on Sunday, June 2 that he needs to improve his health in order to “continue the fight”. |