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Foreign investment in Egyptian securities rises to $18.8 bln in Oct -Finance Ministry
November 2, 2017 / 6:43 AM / 23 days ago

Foreign investment in Egyptian securities rises to $18.8 bln in Oct -Finance Ministry

CAIRO, Nov 2 (Reuters) - Foreign investment in Egyptian securities rose to $18.8 billion in October, a year after the central bank floated the pound currency, a Finance Ministry official told Reuters on Thursday.

Egypt floated its pound currency on Nov. 3 last year and the central bank has since hiked key interest rates by 700 basis points, driving up foreign appetite for domestic debt. (Reporting by Ehab Farouk; Writing by Ahmed Aboulenein; Editing by John Davison)

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