Egypt

C. bank: Egypt’s foreign reserves rise $27 million at end-Feb

Egypt's foreign currency reserves rose by US$27 million to $15.456 billion at the end of February from $15.429 bn 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 bn before the 2011 revolt.

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