DUBAI: Egypt aims to boost its foreign currency reserves back to $16 billion by the end of June, the planning minister said on Tuesday.
"We have a target to reach about $16 billion in reserves by the end of June 2013," Ashraf al-Araby told al-Arabiya television in Dubai.
The reserves, which have more than halved since Egypt's 2011 revolution, stood at $13.5 billion at the end of February and the central bank has said they did not decline significantly in March.
Egypt is seeking a $4.8 billion loan from the International Monetary Fund among other foreign aid. (Reuters)
