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Egypt Rules Out Suez Canal Debt Swap | Egypt News
Rumors swirling that Egypt might hand over the Suez Canal to the Central Bank to settle debt have been firmly shut down by the Cabinet — it was just a personal proposal, not policy. Officials stressed that transferring state assets doesn’t reduce national debt and that managing finances requires looking at the full picture: borrowing costs, money supply, and asset efficiency. The Suez Canal remains a non-negotiable national treasure — vital for security, economy, and global trade — with no plans to mortgage, trade, or transfer ownership. While a recent media debt deal served as a one-off…
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