Foreign purchases at Egypt’s T-bill sale hit 7.9 bln Egyptian pounds

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Foreign holdings in Egyptian government securities totalled 7.9 billion Egyptian pounds ($440.11 million) as of July 13, head of public debt at Egypt’s Finance Ministry, Sami Khallaf, told Reuters on Thursday.

Appetite for Egypt’s domestic debt has increased since the central bank floated the pound currency in November as part of an International Monetary Fund loan agreement aimed at reviving the economy.

Source: Reuters