(MENAFN) Egypt attracted a nine-fold increase in foreign investment in local debt instruments last year and this year, as proclaimed the finance ministry.
Meanwhile, appetite for the country's local debt increased since the central bank floated the currency in Nov as part of the IMF lending program to revive the economy.
For last year and this year, starting July 1 in the country, global investment increased to USD9.8bn compared with USD1.1bn in 2016.
Accordingly, foreign investment in domestic treasury bills and bonds hit USD1.250bn in June only and almost USD9bn since the flotation.
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