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Tuesday, 22 May 2018

Foreign investment in Egyptian securities rises to $18.8 bln in Oct

Reuters , Thursday 2 Nov 2017
Finance Minister Amr El-Garhy (Al-Ahram)
Finance Minister Amr El-Garhy (Al-Ahram)
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Foreign investment in Egyptian securities rose to $18.8 billion in October, a year after the central bank floated the pound currency, a Finance Ministry official told Reuters on Thursday.
 
Egypt floated its pound currency on Nov. 3 last year and the central bank has since hiked key interest rates by 700 basis points, driving up foreign appetite for domestic debt.
 
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