Egypt’s foreign inflows exceeded $150 bln since 2016 pound flat – c.bank head

Egypt’s central bank governor said on Friday foreign inflows had exceeded $150 billion since its pound currency was floated in November 2016.

Tarek Amer said on the sidelines of the IMF-World Bank annual spring meetings in Washington,

Foreign inflows include around $26 billion worth of investments in treasury bills and Cairo stock exchange in addition to $88 billion cash flows into banks and around $18 billion worth of dollar-dominated bond issuances.

Egypt’s net foreign reserves edged up to $44.11 billion at the end of March from $44.06 billion the previous month, the central bank said earlier this month.