Last Update 21:59
Monday, 21 October 2019

Egypt's domestic liquidity rises to EGP 3.56 trillion in July-Oct 2018: CBE

MENA , Ahram Online , Friday 28 Dec 2018
Egypt central bank (Reuters)
File Photo: Egypt central bank (Photo: Reuters)
Views: 2252
Views: 2252

Egypt's domestic liquidity increased by EGP 109.1 billion, registering EGP 3.563 trillion, at a rate of 3.2 percent, in July-October of the 2018/2019 fiscal year, the Central Bank of Egypt (CBE) said in a report on Thursday.

The report stated that the increase in domestic liquidity was reflected in the growth of quasi-money that went up by EGP 100.5 billion, at a rate of 3.8 percent, and the rise in money supply by EGP 8.6 billion, at a rate of 1 percent.

The surge in quasi-money came as a result of a surge in non-current deposits in local currency by EGP 83.2 billion, at an average of 4.3 percent, as well as in deposits in foreign currency by EGP 17.3 billion, at a rate of 2.4 percent, the report added.

The CBE report attributed the hike in money supply to the rise in current deposits in local currency by EGP 6.7 billion, at an average of 1.8 percent.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.