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Egypt considers issuing bonds in China’s yuan

Saudi Arabia may also price oil sales in the Chinese currency.
This photo illustration shows Chinese 100 yuan notes in Beijing on Jan. 14, 2020.

Egypt may soon sell bonds that are priced in China’s currency the yuan. 

Minister of Finance Mohamed Maait made the announcement yesterday alongside the People’s Republic’s Ambassador in Cairo Liao Liqiang. The move would help diversify Egypt’s financial resources and target China’s large bond market, the state-owned Al-Ahram reported. 

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