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FINANCIAL NEWS
Egypt treasury bill’s foreign investments hit USD64m in June
01 Oct 2015
(MENAFN) Egyptian treasury bills saw an increase of foreign investments size during June to USD64 million, the highest level of foreign investments in Egyptian government debt since the beginning of 2015.
Foreign investments in Egyptian treasury bills began this year with USD51.57 million, those investments fell to USD29.54 million in May, marking the lowest level in almost two years.
Although foreign investment in the Egyptian treasury bills increased again in June, Central Bank of Egypt indicators confirm that it is still very far from the levels they were before the 2011 Revolution.
“Branches of foreign banks operating in the Egyptian market increased their investments in Egyptian treasury bills dramatically. The size of investments by these branches in the bills reached USD3 billion,” according to CBE.
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