Foreign investment in Egyptian T-Bills rises to EGP 172 bn by July-end

The Central Bank of Egypt (CBE) said that foreign investments in Egyptian treasury bills (T-Bills) rose by the end of July to 172.007 billion Egyptian pounds, compared to the 122.43 billion pounds a month earlier.

The investments of financial institutions in the government T-Bills amounted 1.61 bn pounds   during the month of July, compared to 1.567 billion  pounds by June end.

The CBE said that public sector banks’ investments in T-Bills amounted to 383.83 bn Pounds  at the end of July, compared to 343.120 bn pounds at the end of June.

Private sector banks’ investments in T-Bills increased to 479.44 billion pounds in July compared to 459.552 bn pounds by the end of June.

Net inflows rose for the first time since February in June, a period which saw holdings fall 64 percent from USD 19.5 bn in February as investors panicked during the coronavirus-inspired market meltdown in March. Foreign holdings in all sovereign debt, including t-bills, had reached some USD 14 bn in July.