Business - Economy

Egypt's BOP records $991.2 mln deficit in Q1 of FY24/25

Egypt’s Balance of Payments (BOP) recorded an overall deficit of $991.2 million in the first quarter (Q1) of the Fiscal Year (FY) 2024/2025, a sharp contrast to an overall surplus of $228.8 million in the same period a year earlier, according to the Central Bank of Egypt (CBE) report released on Thursday.

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Egypt's BOP records $991.2 mln deficit in Q1 of FY24/25