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Egypt’s net foreign reserves have inched up to $17.521 billion at the end of May, the central bank announced Wednesday. Reserves stood at $17.010 billion at the end of April.
Egypt had roughly $36 billion in reserves before an uprising in 2011 overthrew Hosni Mubarak. That ushered in a period of political turmoil that scared away tourists and foreign investors, key sources of foreign exchange.
