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Egypt foreign reserves US$16.53 billion at end-Feb: c.bank

Egypt's net foreign reserves reached US$16.53 billion at the end of February, slightly higher than in the previous month, the central bank said on Thursday.

Foreign currency reserves totalled $16.48 billion in January.

Egypt's foreign reserves stood at about $36 billion before the 2011 revolt which overthrew Hosni Mubarak but have dwindled since the uprising scared off tourists and foreign investors, key sources of foreign exchange.

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