April 2, 2017 / 1:30 PM / 4 months ago

Egypt sees March foreign reserves at over $28.5 bln, highest since 2011 - MENA

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CAIRO, April 2 (Reuters) - Egypt's central bank expects foreign reserves to jump to over $28.5 billion for the month of March, the highest since March 2011, a bank deputy governor told the country's state news agency MENA on Sunday.

Egypt's net foreign reserves were at $26.542 billion at the end of February and have been climbing ever since it clinched a $12 billion three-year loan from the International Monetary Fund in November in a bid to lure back foreign capital. (Reporting by Omar Fahmy; Writing by Eric Knecht; Editing by Mark Potter)

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