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Egypt foreign reserves rise to $28.5 bln - cabinet statement
April 3, 2017 / 2:05 PM / 8 months ago

Egypt foreign reserves rise to $28.5 bln - cabinet statement

April 3 (Reuters) - Egypt’s foreign reserves have risen to $28.5 billion, the highest level since March 2011, a cabinet statement said on Monday.

It said Egypt had also attracted $17 billion of foreign currency inflows since the flotation of the Egyptian pound in November. The Central Bank allocated $23 billion to finance foreign trade in the same time frame, the statement added.

Reporting by Dominic Evans; Editing by Eric Knecht

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