Foreign cash flows hit $150bn in 30 months: Egypt’s c.bank governor

Foreign cash flows from different sources reached $130 billion since the Egyptian pound exchange rate liberation in November 2016, Central Bank of Egypt’s (CBE) governor Tarek Amer said on Friday.

This is an important indicator that reflects the improvement of the Egyptian economic situation, Amer told MENA on the sidelines of the 2019 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington.

The amount includes dollar bonds, loans, treasury bills and stock market flows, he added.

Source: MENA