The North African country is targeting about $3bn in the remainder of the current fiscal year, which runs until the end of June
Egypt allowed its currency to weaken sharply on March 6 after keeping it fixed to the dollar for nearly a year
Egypt’s commitment to exchange rate liberalisation combined with budgetary consolidation targets are crucial for boosting international confidence
Banks in recent months have been tightening the amount of foreign currency clients can use in Egypt and on how much can they can charge to their credit cards while abroad