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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Egypt to sell short-term dollar debt in March

Posted on 23 February 2012

Mumtaz al-SaeedEgypt plans to offer US-dollar certificates of deposit (CD) to Egyptians living abroad at the beginning of March to help it raise foreign currency, al-Borsa newspaper on Tuesday quoted Finance Minister Mumtaz al-Saeed as saying.
Egypt has said it is looking to sell CDs as well as Islamic sukuk instruments and land sales to Egyptians living abroad to help plug an external financing shortage estimated at $11 billion over the next 18 months………………………………………..Full Article: Source

 
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