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Egypt's foreign currency reserves slightly up in March

Ahram Online , Monday 4 Apr 2016
Central Bank of Egypt
Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt March 8, 2016 (Reuters)
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Egypt’s foreign currency reserves inched up in March to reach $16.561 billion from $16.53 billion the previous month, the central bank said on its website on Monday.

Egypt's reserves stood at $36 billion in 2010 before the 2011 uprising drove away tourists and investors, the country's main sources of the hard currency.

The central bank will repay $800 million to the Paris Club and the remaining $1 billion it owes to Qatar next July, said the bank's governor Tarek Amer last month.

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