Cairo – Mubasher: Foreign investments in Egyptian securities stood at $18.8 billion in October, a finance ministry officials told Reuters.
In September, the governor of the Central Bank of Egypt (CBE), Tarek Amer, said that foreign investment in Egypt’s debt instruments rose to $15 billion since the liberalisation of the exchange rate.
Egypt’s trade deficit declined 8.4% in fiscal year 2016/2017, according to data released by the CBE.
Trade deficit amounted to $35.4 billion in FY16/17 versus $38.7 billion in FY15/16, the CBE highlighted.
In November 2016, the CBE raised interest rate by 300 points, in line with the liberalisation of the exchange rate.
