Egypt sees exodus of dollars since start of Ukraine war - bankers
Published on: Tuesday 01 March 2022
Egypt has seen hundreds of millions of dollars leave its treasury markets since the Russian invasion of Ukraine last week as investors flee emerging markets for safer pastures, two bankers with knowledge of the matter said.
News source: https://www.reuters.com/markets/europe/egypt-sees-exodus-dollars-since-start-ukraine-war-bankers-2022-03-02/
»
Overall financial position of banks in Egyptian market approaches EGP9trn in November 2021, says CBE