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Friday, 18 June 2021

Egypt's foreign reserves rise to $15.456 bln at end-February: Central Bank

Reuters , Tuesday 3 Mar 2015
Central Bank of Egypt's headquarters in downtown Cairo (Photo: Reuters)

Egypt's foreign currency reserves rose to $15.456 billion at the end of February from $15.429 billion the previous month, the central bank said on Tuesday.

Foreign reserves fell sharply after the 2011 uprising that ousted President Hosni Mubarak but had risen again on the back of billions of dollars of Gulf Arab aid that has flooded into Egypt since the army overthrew elected Islamist President Mohamed Mursi in 2013.

Reserves stood at about $36 billion before the 2011 revolt.

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