# Second hot-money wave tests Egypt's $57bn reserves as pound slides, investors pull $3.5bn from T-bills

> Foreign investors withdrew $3.5 billion from Egyptian treasury bills in October, more than four times September's outflow. The pound slid to near record lows, and the central bank raised its overnight deposit rate by 100 basis points to 20% on 29 October.

- Date: 2026-11-02 · published 2026-11-02T21:14:56.611Z
- Category: macro · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/76010-second-hot-money-wave-tests-egypt-s-57bn-reserves-as-pound-slides-investors
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Capital outflows and a weaker pound raise the cost of imported feed grains and meals for Egypt, a major importer. Rising oil prices add to dollar demand, which pressures Egyptian feed buying.

## Sources

- intellinews.com: https://www.intellinews.com/second-hot-money-wave-tests-egypt-s-57bn-reserves-as-pound-slides-investors-pull-3-5bn-from-t-bills-481077/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.