Egypt's banking system net foreign assets (NFAs) rose by $1.2 billion in May to $14.7 billion, from $13.6 billion a month earlier, the Central Bank of Egypt said Monday. The increase was mainly driven by commercial banks, whose NFAs jumped by $3.2 billion in May to $4.8 billion, compared to $1.6 billion in April. That marks their highest level since February 2021. NFAs measure the difference between foreign assets and foreign liabilities held by the banking sector, reflecting the sector's ability to cover external obligations and support foreign currency liquidity. Attribution: Amwal Al Ghad English