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March 8, 2021 at 9:41 am | Published in: Africa, Egypt, News People walk past the Egyptian Central Bank in downtown Cairo on 3 November 2016 [KHALED DESOUKI/AFP via Getty Images] March 8, 2021 at 9:41 am Egypt s foreign reserves increased by about $100 million in February, the country s central bank announced yesterday. Egypt s cash foreign reserves reached $40.2 billion in February, compared to $40.1 in January, the Central Bank of Egypt (CBE) said in a statement. The CBE added that the country s foreign reserves had been declining since March 2020 from a high level of more than $45 billion, noting that the reduction was the result of the economic repercussions of coronavirus pandemic.

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