The Central Bank of Egypt (CBE) headquarters, Cairo, Egypt. AP
The CBE indicated that BOP's deficit remains at dlrs 13.6 billion, despite the increase in the trade deficit by dlrs 3 billion.
In a statement, the CBE said that the elevated energy prices and supply chain disruptions increased inflation in an unprecedented way.
The CBE also pointed out to the negative repercussions of the Russia-Ukraine crisis.
The non-oil trade deficit widened by 22.5% during the first nine months of the FY 2021-22, to post dlrs 37.7 billion (against dlrs 30.7 billion in the corresponding period the year before), added the statement.