ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

Supervisor
Elham AbolFateh

Business

Foreigners invest $ 23.1 billion in finance tools in Egypt: Report

Friday 13/April/2018 - 08:42 PM
Sada El Balad
Ahmed Moamar
Ministry of Finance has released a statement says that the foreigner investors have pumped above of$ 32.1 billion in buying bonds of treasury until the end of March.
The statement revealed that the mean rate of interest in 2-18-2-19 budget hits 14.5% instead of 18.5 in 2017-2018 budget.
It is worth to mention that Egypt has emerged as one of the most preferable destinations for foreign investors.
Revenues of treasury tools for the short range converge 22% after the Central Bank of Egypt (CBE) had raised rates interest to handle inflation.
By last December، the foreign investors acquire bondsof treasury amounted more than $20 billion.
It is worth to mention that Egypt introduced a package of economic reforms to get rid of chronic ailments of the national economy.

Comments

ads

Poll

What do you think about our new design?

What do you think about our new design?
ads