Egypt Signals Currency Shift With Payment of Foreign Dues

  • Central bank clears backlog of funds owed to investors
  • Benchmark stocks index climbs most in the world after decision

Egypt’s new central-bank Governor Tarek Amer sought to restore investor confidence battered by five years of political unrest by paying foreign investors the money owed to them in the aftermath of the 2011 uprising.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.