Egypt lures $23.7B indirect foreign investments in debt instruments

Updated 6/13/2024 9:10:00 AM
Egypt lures $23.7B indirect foreign investments in debt instruments

Arab Finance: Egypt has attracted $23.7 billion worth of indirect foreign investments in the Egyptian debt instruments, particularly treasury bills (T-bills), during the month following the liberalization of the Egyptian pound in March, Asharq Business reported, citing a report by the Central Bank of Egypt.

Foreign holdings of debt instruments rose to $1.542 trillion at the end of March, up from EGP 421.337 billion in February, the report noted.

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