Egypt's investment in treasury bills rises to $686.7 million in first half
241 views · Published 28 March 2017 · 0:35 · Indexed 21 September 2026
Channel: CGTN Africa · 2017 · News & Politics
Egyptian Deputy Finance Minister Ahmed Kojak has announced the country attracted 3.1 billion dollars in foreign investment in domestic debt instruments. That is from the period November to mid-March. The Central Bank said earlier this month that foreign investment in treasury bills rose to a net purchase of 686.7 million dollars in the first half of the 2016/17 financial year, compared to net sales of just 38.3 million dollars a year ago. Kojak said the funds have been invested in treasury bills and bonds. Egypt's fiscal year begins on July the first.
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