Cairo – Mubasher: The governor of the Central Bank of Egypt (CBE), Tarek Amer, said that the volume of foreign investment in Egypt’s debt instruments rose to $15 billion since the liberalisation of the exchange rate.
Amer noted, on the sidelines of the annual general meeting of the Alliance for Financial Inclusion (AFI) held on 13 to 15 September, that the CBE will renew the $2.7 billion currency swap agreement with China that Egypt signed last year, according to Enterprise Press.
This deal will be annually renewed for three years, he referred, adding that the process of selling and repurchasing global bonds, as well as the currency swap agreement have played a significant role in obtaining the International Monetary Fund’s (IMF) loan last year.
