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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Sabri Najeh

Egypt’s Central Bank Monitors Return of Foreign Investors to Local Market

Egypt Central Bank of Egypt
A man counts Egyptian pounds outside a bank in Cairo, Egypt October 24, 2016. (Reuters)

The Central Bank of Egypt said on Monday it was monitoring inflows from foreign investors that exceeded $925 million since Jan. 11.

In a statement, the central bank said Egypt has received $925 million in indirect investments in local debt instruments since Wednesday, noting a significant increase in the country’s liquidity in foreign currency, attained through the local market, Egyptian expats’ remittances and the tourism sector.

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