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Investors are loving EGP t-bills
International investors bought up USD 825 mn of the bills sold
Moody’s upgrades Egypt’s outlook to positive
Moody’s expects the FX liquidity from the Ras El Hekma agreement to close the external funding gap until FY 2025-2026
We could be in for USD 20 bn in foreign support. PLUS: Good news from Morgan Stanley
The USD 20 bn figure includes the USD 8 bn IMF package
Looking back at the months preceded the EGP float
The government has been gearing towards this moment
Planet Finance breathes a sign of relief
The EGX30 was down 3% as traders locked in gains
“Back on the right track”: What the pundits are saying
The decisions “put us back on the right track,” but more needs to be done, pundits say
What to watch for next: Inflows and cooling inflation top the list
Commodity prices are expected to fall, Federation of Chambers of Commerce Secretary-General Alaa Ezz said
Two exchange rates is a “disease that throws things out of balance,” says CBE’s Abdalla
Abdalla says the central bank didn’t intervene in the market yesterday, signaling a hands-off approach to the exchange rate
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