April 2, 2013 / 9:26 AM / 4 years ago

Egypt c.bank says foreign reserves slightly lower in March

DUBAI, April 2 (Reuters) - Egypt's central bank governor said on Tuesday that foreign exchange reserves had fallen slightly in March from February's level of $13.5 billion.

Governor Hisham Ramez told reporters in Dubai that the reserves were "down a little bit" from February.

Previously, the central bank had said the reserves did not fall significantly in March.

Planning minister Ashraf al-Araby said earlier on Tuesday that the country planned to boost its foreign reserves to $16 billion by the end of June.

The finance minister, Al-Mursi Al-Sayed Hegazy, told al-Arabiya television that he was negotiating a loan worth $465 million with the Arab Monetary Fund. Egypt is also seeking $4.8 billion from the International Monetary Fund, among other aid.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below