Cairo – Mubasher: Foreign investments in the Egyptian Exchange (EGX) stood at EGP 13 billion after the flotation of the Egyptian pound in November, chairman Mohamed Farid said in a broadcast call to CBC.
Foreign inflows in Egyptian debt instruments rose to $15 billion since the liberalisation of the exchange rate.
The Central Bank of Egypt (CBE) had previously announced that Egypt’s trade deficit declined 8.4% in fiscal year 2016/2017.
It is worth mentioning that Egypt’s external debt has retreated quarter-on-quarter since the flotation of the Egyptian pound.
