Foreign investment in Egypt's debt to reach USD20bn by 2017/18


(MENAFN) Foreign investments in Egypt's debt are projected to reach USD20bn by the end of this year.

Accordingly, the volume of foreign investment in Egypt's debt instruments increased to USD15bn since the liberalization of the exchange rate.

Meanwhile, investors have poured money into Egyptian debt and equities since authorities started overhauling the economy by removing most currency restrictions.

In addition, foreign reserves jumped to a record of more than USD36bn in August, with the debt market attracting more than USD15bn in foreign inflows.

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