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Foreign Investments in Treasury Bills, Bonds Reach $13.1bn in January: Official
Source: www.export-egypt.com 2/5/2019
Deputy Finance Minister for Financial Policies Ahmed Kouchouk said foreign investments in the Egyptian treasury bills and bonds hit $13.1 billion till January 28, 2019.
Addressing a press conference held at the Finance Ministry headquarters, the official said investments might increase by $100 million by the end of this month.
January alone witnessed an increase in the foreign investment portfolio in treasury bills and bonds to the value of $900 million, which reflects international confidence in the Egyptian economy, he added.
He pointed out that emerging markets witnessed a decrease in foreign investments due to raising the US interests three times.
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Economics/Financial Analysis
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