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KM Financial Solutions | CORRECTED-UPDATE 1-Egypt to end dollar-guarantee mechanism for foreign investors
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CORRECTED-UPDATE 1-Egypt to end dollar-guarantee mechanism for foreign investors

27 Nov CORRECTED-UPDATE 1-Egypt to end dollar-guarantee mechanism for foreign investors

Posted at 20:42h in News by
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Egypt’s central bank said on
Wednesday it will end on Dec. 4 the use of a mechanism
guaranteeing that foreign investors wanting to sell out of
Egyptian securities could pull out their money in dollars, in a
move to loosen its grip on investment flows.

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