Banque Misr’s Global Investments in Dollar Bonds Register US$ 650m
Banque Misr’s global investments in dollar bonds registered US$ 650 million and total Bank’s investments in Egyptian currency reached EGP 400 million at the end of 2010.
90% of Banque Misr’s bonds are government bonds while non-government is less than 10% of total issued bonds.
Sources said that Banque Misr plans to decrease its investments in dollar bonds in the upcoming period.
It is worth mentioning that Banque Misr’s issuance of dollar certificates of deposit and bonds has contributed in maintaining the Egyptian foreign currencies reserves.
