ICEC

Foreign investments in Egypt debt hit highest levels in history in September

Foreign investments in Egypt’s debt instruments have jumped in September to a level not seen in its history, recording to around 309.229 billion Egyptian pounds ($17.5 billion).

In August, overseas holdings of Treasury bills stood at 285.022 billion pounds.

Investors have been pouring money into Egyptian debt and equities since the central bank floated the currency last year as part of an International Monetary Fund lending programme aiming to revive the economy.

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