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Egypt net foreign reserves rise to $42.611 bln at end of March

Published: Updated:

Egypt's net foreign reserves rose slightly to $42.611 billion at the end of March from $42.524 billion at the end of February, the central bank said on Monday.

Cairo's foreign reserves have been climbing since the country secured a $12 billion three-year International Monetary Fund loan program in 2016 as part of efforts to woo foreign investors and revive its ailing economy.