Egypt boosts oversea bond sale
Egypt plans to issue a conventional bond which could go up to $2.5 billion.
The timing of the debt sale is not known yet but will be decided over the coming days.
On Tuesday at the first stop of the country’s bond roadshow in Abu Dhabi and Dubai, Egypt didn’t answer to its arrears owed to foreign oil companies, nor provide a net amount of outflows versus inflows.
Waemu’s plan for digital money
Having a digital currency for the eight member countries of the West African Economic and Monetary Union (WAEMU) is not far fetched .
The eCFA as they call it , is to be be issued by the Regional Bank of Markets in accordance with the digital money regulations outlined by the economic grouping’s central bank, The Central Bank of West African State.
Just as the CFA franc,it will be an official legal tender.