Foreign inflows into Egypt hit $12B since start of 2020: CBE

CAIRO - 17 February 2020: The total foreign inflows into Egypt hit more than 12 billion dollars since January 1, 2020, a Central Bank of Egypt (CBE) official source said.

Speaking to MENA on Sunday, the source said the inflows were in the form of remittances of Egyptians working abroad and new foreign investments.

The inflows reflect international financial funds' interest in the Egyptian market as one of the most important markets attracting investments in the region, the source said.

He added that the Egyptian economy is on the right track thanks to economic reforms taken by the Egyptian government in 2016.