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Foreign investments in treasury bills, bonds reach $13.1bn in January: Official

MENA , Ahram Online , Tuesday 5 Feb 2019
Views: 2910
Views: 2910

Deputy Finance Minister for Financial Policies Ahmed Kouchouk Tuesday said foreign investments in the Egyptian treasury bills and bonds hit $13.1 billion till January 28, 2019.

Addressing a press conference held at the Finance Ministry headquarters, the official said investments might increase by $100 million by the end of this month.

January alone witnessed an increase in the foreign investment portfolio in treasury bills and bonds to the value of $900 million, which reflects international confidence in the Egyptian economy, he added.

He pointed out that emerging markets witnessed a decrease in foreign investments due to raising the US interests three times.

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