Egypt’s Foreign Reserves Rose to around $17.420 bln in March- C.Bank Head

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Egypt’s foreign reserves rose to around USD 17.420 bln in March from USD 17.307 bln in February, central bank governor Hisham Ramez said in a late TV interview on Tuesday.

Egypt’s reserves have been falling sharply since a 2011 uprising that ousted President Hosni Mubarak, but rose last July, when Gulf Arab states sent billions of dollars after the army took power from elected Islamist President Mohamed Morsi.

Source: Reuters via Yahoo News

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