Cairo – Mubasher: The Central Bank of Egypt (CBE) decided to ditch the mechanism of foreign currency transfers for overseas investors as of Tuesday, 4 December.
Last week, the CBE said that these investments should be implemented through the interbank markets.
The central bank previously posted that overseas investments in Egyptian T-bills dropped to EGP 210.2 billion ($11.7 billion) last month, versus EGP 234.5 billion ($13.1 billion) in September.
