Egypt’s foreign inflows surpass $150 billion since 2016 pound float: Banque du Caire head

Egypt has received foreign inflows worth more than $150 million since its pound currency was first floated in November 2016, according to chairman of third biggest state bank Banque du Caire.

These inflows include the country’s issuance of dollar-dominated bonds, direct inflows into banks, investments in treasury bills and the stock exchange, international loans, and other financing secured by banks, Tarek Fayed further told Amwal Al Ghad on Wednesday.