Egypt received USD40bn in investments, transfers since float
Egypt has received USD40bn in investments and transfers from abroad since floating its currency in November. The funds include receipts from exports, investors selling dollars to buy Egyptian assets, and the exchange of dollars for EGP, either on the local market or through remittances, Central Bank Sub-Governor Rami Aboul Naga said on Thursday. The figure does not include financing Egypt has received, such as IMF loan tranches or USD7bn in Eurobonds Egypt sold this year.
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