Egypt receives US$925 million in indirect investments: CBE ...Kuwait

Egypt received US$925 million in indirect investments since 11 January, leading to an increase in the country's hard currency reserves derived from the tourism sector, the local market and the Egyptian expatriates' deposits, according to a statement by the Central Bank of Egypt (CBE) released on Monday. Such indicators showed positive improvements for the exchange rate in the country, including the slowdown of the US dollar trading price against the Egyptian pound to an average of 29.61 Egyptian pounds at the end of Monday's transactions, local Al-Ahram online reported, citing a statement. Egypt has been experiencing a shortage of hard currency, especially US dollars,

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