Cairo – Mubasher: Foreign investments in EGP-denominated debt instruments reached $30 billion, the Central Bank of Egypt’s (CBE) governor Tarek Amer said.

Foreign investors have been attracted to invest in the Egyptian market, Amer added during a press conference on Thursday.

In September, the country’s foreign minister Mohamed Maait revealed that foreign holdings of Egypt’s public debt instruments exceeded $20 billion at the end of August.

The Ministry of Finance earlier said that it plans to diversify its financing sources, noting that it may shift towards long-term debt instruments after slashing key interest rates instead of short-term borrowing.