冖_冖
Registered Member
Egypt, China discuss cooperation to double value of currency swap agreement
During a phone call, Abdelatty said that Egypt had issued $500 million in Chinese bonds, expressing hope of increasing their value in the future and strengthening cooperation with the China Development Bank to provide more foreign currency.
www.egypttoday.com
Egypt, China discuss cooperation to double value of currency swap agreement
During a phone call, Abdelatty said that Egypt had issued $500 million in Chinese bonds, expressing hope of increasing their value in the future and strengthening cooperation with the China Development Bank to provide more foreign currency.
Egypt, China discuss cooperation to double value of currency swap agreement
CAIRO – 12 March 2026: Egyptian Foreign Minister Badr Abdelatty discussed with his Chinese counterpart Wang Yi on Thursday the desire to double the value of the currency swap agreement.
During a phone call, Abdelatty said that Egypt had issued $500 million in Chinese bonds, expressing hope of increasing their value in the future and strengthening cooperation with the China Development Bank to provide more foreign currency.
In October 2023, Egypt and China signed a debt swap agreement for development. Egypt is the first country to sign a debt swap agreement with China International Development Cooperation Agency, aiming to diversifying financing mechanisms through innovative instruments, said the former Minister of International Cooperation Rania El Mashat.



