Egypt’s Domestic Liquidity Rises to EGP 3.466 Trillion by End of JulySource: www.export-egypt.com 10/1/2018, Location: Africa |
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The Central Bank of Egypt (CBE) said in a report that Egypt's domestic liquidity increased by EGP 9.1 billion to register EGP 3.466 trillion, at a rate of 0.3%, at the end of July.
The report stated that the increase in domestic liquidity was reflected in the growth of quasi-money that increased by EGP 18 billion at the rate of 0.7% and the decline in the money supply by EGP 8.9 billion, at a rate of 1%. The increase in quasi-money came as a result of the rise in non-current deposits in local currency by EGP 10 billion, at a rate of 0.5% and in deposits in foreign currency by EGP 8 billion, at a rate 0.8%, the report added. The report attributed the decrease in the money supply to the decline in current deposits in local currency by EGP 5.4 billion, at a rate of 1.4%. |
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