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Egypt's foreign reserves rose by $441 million in October, the central bank said on its website on Monday. Net international reserves were $15.484 billion at the end of October, up from $15.043 billion at the end of September, the bank said. In October Egypt received the second tranche -- worth $500 million – of a promised $2 billion deposit from Qatar at the central bank, according to Ahram's Arabic language news website. The Central Bank of Egypt received the first tranche of $500 million in August. The reserves had inched up at the end of April for the first time sincethe January 2011 uprising, which toppled former president Hosni Mubarak, reaching $15.21 billion. The reserves have plunged by more than half since a popular uprising in January 2011, which scared away tourists and investors, two of Egypt's main sources of foreign currency.
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