Egypt attracts $8.4 bln foreign investment in domestic debt since pound float

Egypt attracted $8.4 billion of foreign investment in domestic debt instruments since the flotation of its pound in November up the end of May, the country’s Deputy Finance Minister Ahmed Kouchouk told Reuters on Thursday.

Kouchouk said $2.6 billion of the $8.4 billion was raised in May.

“Foreign investment in domestic debt whether in bonds or bills have reached $2.6 billion in May and $8.4 billion since the flotation until the end of May,” Kouchouk told Reuters.