CBE hits record of $1.1bn garnered in 2 days
The Central Bank of Egypt
Cairo - MENA
The Central Bank of Egypt (CBE) hits a record of 1.1 billion dollars garnered in two days from investment funds and regional and international financial institutions, a well-placed CBE source said.
The boost reflects foreign investors' confidence in the Egyptian economy and the economic reform measures adopted by Egypt, topped by liberalizing the exchange rate in November 2016, the source said in statements to MENA on Wednesday.
The source added that the reform measures contributed to upping the hard currency flow into Egypt.
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