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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)

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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