Egyptian banks’ foreign deposits hit $40.7bn in July – CBE

Cairo – Mubasher: Total foreign-currency deposits at Egyptian banks increased by 5.9% year-on-year at in July, registering EGP 724.9 billion ($40.7 billion) from EGP 684.5 billion ($684.5 billion).

On a monthly basis, deposits in foreign currencies rose slightly from around EGP 716.9 billion in June, data by the Central Bank of Egypt (CBE) showed.

Foreign reserves of the North African nation rose to $44.31 billion at the end of July.

The CBE previously said that Egypt’s domestic liquidity rose by 17.8% year-on-year to EGP 3.49 trillion at the end of July, from EGP 2.94 trillion.


Mubasher Contribution Time: 03-Sep-2018 12:40 (GMT)
Mubasher Last Update Time: 03-Sep-2018 12:40 (GMT)