Cairo – Mubasher: Egypt has attracted foreign investment in domestic debt instruments worth $8.4 billion since the flotation of the local currency in November until the end of May, Reuters reported, citing deputy minister of finance for monetary policies Ahmed Kouchouk as saying.
Foreign investors' investments in local debt instruments, whether treasury bonds or bills, reached $2.6 billion in May, Kouchouk added.
In November 2016, the Central Bank of Egypt (CBE) floated the exchange rate of the Egyptian pound against foreign currencies as a part of the government’s economic reform programme, in agreement with the International Monetary Fund (IMF).
