Cairo – Foreign investments in Egypt’s treasury bills (T-bills) declined in May at the slowest pace in three months since the coronavirus (COVID-19) crisis.
According to data by the Central Bank of Egypt (CBE), foreign investments in T-bills slid to $7.016 billion in May, compared to $7.4 billion in April.
Foreign investors sold T-bills worth $10.4 billion in March and $2.4 billion in April amid the growing concerns over the pandemic.
On 6 July, a source told the Middle East News Agency (MENA) that foreign inflows to the Egyptian market reached a daily record high of $440 million.
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