Cairo – Mubasher: Foreign holdings of Egypt's debt instruments amounted to $19 billion since currency float on 3 November, 2016 until 6 December 2017, finance minister Amr El-Garhy said on Sunday.
El-Garhy forecast previously that overseas investments in domestic debt would score $20 billion by the end of 2017.
Foreign investments in Egypt's debt instruments rose to $18.8 billion since the flotation of the Egyptian pound until October 2017, according to the finance ministry's data.
Egypt's trade deficit fell 8.4% to $35.4 billion in the fiscal year 2016/2017, versus $38.7 billion in the previous FY, the Central Bank of Egypt data showed.
