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Egypt has $28.5bn in foreign reserves, highest since 2011

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Staff Writer | April 3, 2017
Egypt's central bank expects foreign reserves to jump to over $28.5 billion for the month of March, the highest since March 2011.
Egypt central bank
Africa   Reserves have been climbing in Egypt
A bank deputy governor told that the country's state news agency MENA on Sunday.

Egypt's net foreign reserves were at $26.542 billion at the end of February.

Reserves have been climbing ever since it clinched a $12 billion three-year loan from the International Monetary Fund in November in a bid to lure back foreign capital.

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