Egypt foreign reserves $16.53 billion at end-Feb – c.bank
People and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt's headquarters in downtown Cairo, Egypt, December 21, 2015. REUTERS/Amr Abdallah Dalsh
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 CAIRO: Egypt’s net foreign reserves reached $16.53 billion at the end of February, slightly higher than in the previous month, the central bank said on Thursday.

Foreign currency reserves totalled $16.48 billion in January.

Egypt’s foreign reserves stood at about $36 billion before the 2011 revolt which overthrew Hosni Mubarak but have dwindled since the uprising scared off tourists and foreign investors, key sources of foreign exchange.

 

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