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CBE sees record-high FX outcome Tuesday

CBE sees record-high FX outcome Tuesday
The Central Bank of Egypt

Cairo - Mubasher: The Central Bank of Egypt (CBE) said that foreign exchange inflows surged in the last two days to more than $1.1 billion, a source in the central bank told Middle East News Agency (MENA).

The CBE recorded its highest outcome of foreign currency ever at $618 million on Tuesday, noting that it came from mutual funds, as well as regional and international financial institutions.

On Sunday, the foreign exchange outcome reached around $500 million, which indicates the rising investors’ confidence in the Egyptian economy, the source added.