The Central Bank report issued on Saturday estimates that these reserves had reached about $34.1 billion at the end of November 2009, compared to $31.3 billion at the end of the fiscal year 2008 / 2009 in July 2009.

Foreign reserves had recorded the first positive move during June 2009 to reach $31.63 billion against $31.31 billion in May 2009.

It said the volume of foreign debt had declined by about $2.4 billion to $31.5 billion at the end of June 2009 as a result of paying $1.1 billion of loans and facilities in addition to the decline in exchange rates of most currencies of borrowing against the US dollar.

The total volume of domestic debt had increased to 813.7 billion Egyptian pounds ($160 billion) at the end of September 2009 .The volume includes government debt of 75.5%, public and economic bodies 6.8% and the National Investment Bank 18%.

On the other hand, the report showed an increase in domestic liquidity by 16.5 billion pounds ($3 billion), to record 847.8 billion pounds ($170 billion) in October 2009, by an increase of 2% compared to the month of July 2009.

-APA