Cairo – Mubasher: Foreign holdings of Egypt’s debt instruments amounted to $19.8 billion since the liberalisation of the exchange rate on 3 November 2016 until 25 January, 2018, Shorouk News reported, citing deputy finance minister Ahmed Kojak.
The increased overseas inflows in the domestic debt instruments over the aforementioned period reflects foreign investors’ confidence in the Egyptian economy, Kojak highlighted.
Finance minister Amr El-Garhy had previously said that foreign holdings of Egypt’s debt instruments stood at $19 billion since the flotation of the Egyptian pound until 6 December 2017.
