Foreign currency flows reach $7.5-8bn since flotation

Cairo – Mubasher: Foreign currency flows to the commercial banking sector since the float reached between $7.5 billion and $8 billion, according to Egypt's Central Bank Governor Tarek Amer.

Hard currency reserves are recovering, Amer said in a conference hosted by EFG Hermes, adding that foreign investors will be able to repatriate profits and capital in the coming period.

Mubasher Contribution Time: 13-Jan-2017 18:00 (GMT)
Mubasher Last Update Time: 13-Jan-2017 18:00 (GMT)