Cairo – Mubasher: Local-currency deposits at Egypt-based banks rose by 24.7% year-on-year in July, registering EGP 2.3 trillion from EGP 1.84 trillion.
On a monthly basis, deposits increased slightly from around EGP 2.29 trillion in June, data by the Central Bank of Egypt (CBE) showed.
On Sunday, the CBE 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.
On a monthly basis, liquidity increased slightly last July, compared to EGP 3.45 trillion 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.