Reuters: Foreign investors cautious about buying Egyptian T-bills

Publication Number: ECES-VON-662

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Reuters indicated that some foreign investors are becoming cautious about buying local Egyptian Treasury bills due to concerns over emerging markets and the sustainability of high returns in Egypt.
In this light, the Central Bank of Egypt refers to the success of its unconventional policy in dealing with the Corona virus pandemic, which is raising interest rates on local deposits, reducing domestic lending rates, and leaving the currency almost unchanged against the US dollar.

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