Foreign cash flows hit $150 bln in 30 months – CBE governor

WASHINGTON, April 12 (MENA) – Governor of the Central Bank of Egypt (CBE) Tarek Amer said Friday foreign cash flows from different sources have recorded $130 billion since the Egyptian pound exchange rate liberation in November 2016.

This is an important indicator that reflects the improvement of the Egyptian economic situation, Amer told MENA on the sidelines of the 2019 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington.

The amount includes dollar bonds, loans, treasury bills and stock market flows, he added.