The country had $448 million in “foreign investment inflows”
on Thursday and $400 million on Sunday, state-run news agency MENA reported,
citing Central Bank Governor Tarek Amer. He didn’t specify the form for the
“These investment figures are considered historic,” Amer said, according to MENA. They reflect the 'success' of the central bank’s monetary policy, which takes into consideration conditions of local and international markets, he said.
Foreign currency inflows into
On Thursday, the Ministry of Finance said it sold more T-Bills than it targeted to accommodate an uptick in demand from foreign investors. In Sunday’s sale, the average yield on 9-month notes rose 77 basis points to 20.48 percent, and the average yield on 3-month notes rose by 1 percentage point to 20.52 percent.