Al-Sisi reaffirms Egypt's commitment to African security, development at AU Mid-Year Summit    Dozens of Palestinians killed by Israeli fire near Gaza aid site    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's Contact insurance arms, Germany's GIZ partner on SMEs, gender equity    Egypt and Italy mark 50 years of science partnership, discuss future cooperation    Egypt establishes Real Estate Market Regulation Unit to oversee sector transparency    Sri Lanka's expat remittances up in June '25    CBE's Abdalla attends Arab central bank governors' meeting ahead of Sept summit    Egypt's gold prices grow on July 13th    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico discuss environmental cooperation, combating desertification    Lavrov warns against anti-Russia alliances in Asia during North Korea visit    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Egypt's EDA, Haleon discuss local market support    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's domestic liquidity rises to EGP 3.674 trillion by end of February: Central Bank
Published in Ahram Online on 21 - 05 - 2019

The Central Bank of Egypt (CBE) said in a report on Tuesday that Egypt's domestic liquidity increased by EGP 220.4 billion by the end of February to register EGP 3.674 trillion.
The report stated that the increase in domestic liquidity contributed to the growth of quasi-money that went up by EGP 200.4 billion at a rate of 7.6% and the rise in the money supply by EGP 20 billion, at a rate of 2.4%.
The surge in quasi-money came as a result of the rise in non-current deposits in local currency by EGP 169.6 billion, at an average of 8.8% and the increase in deposits in foreign currency by EGP 30.8 billion, at a rate of 4.3%, the report added.
The report attributed the increase in the money supply to the rise in current deposits in local currency by EGP 14.5 billion, at an average of 3.8%.
The CBE also announced an increase in bank deposits by around EGP 42 billion by the end of February to reach EGP 3.879 trillion compared to EGP 3.837 trillion in January.
The total governmental deposits at banks increased by EGP 6.9 billion, including 509.7 billion in local currency and around 121.3 billion in foreign currency, to reach 631.1 billion pounds, the CBE said in a report, a copy of which was obtained by MENA.
The total non-governmental deposits at banks until February hit EGP 3.247 trillion compared to EGP 3.213 trillion in January, the report added.
The total value of non-governmental deposits in foreign currency reached EGP 755.7 billion, while the non-governmental deposits in local currency stood at EGP 2.492 trillion in February, the report noted.


Clic here to read the story from its source.