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Egypt’s net foreign reserves rose to $26.542 billion at the end of February from $26.363 billion at the end of January, the central bank announced in a statement on Thursday.
The country’s foreign reserves have been growing since it secured a $12 billion three-year loan from the International Monetary Fund in November in a bid to lure back foreign capital.
Egypt had $36 billion in reserve before the 2011 uprising that overthrew president Hosni Mubarak ushered in a period of political turmoil, scaring away tourists and foreign investors, two key sources of foreign currency.
