Egypt plans to offer U.S.-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.
The country's balance of payments deficit has widened dramatically during the economic and political turmoil of the last year.
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