Egypt expresses 'deep dissatisfaction' to Netherlands over embassy attack    Global pressure mounts as Gaza fighting intensifies and death toll surges    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    At TICAD, Egypt's education minister signs pacts with Casio, SAPIX    Egypt holds special importance for our investments across diverse sectors: Japanese minister    Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities    Madbouly invites Japanese firms to establish industrial zone in SCZONE    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Al-Sisi meets Qatar PM, Bahrain security adviser to discuss Gaza crisis, regional stability    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    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    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.



Domestic liquidity increases to EGP 1.545tn: CBE
Published in Daily News Egypt on 28 - 10 - 2014

Domestic liquidity has increased by 1.9% (EGP 28.4bn) in July to reach EGP 1.545tn, the Central Bank of Egypt's (CBE) monthly report showed.
The increase was reflected in the growth of money supply by EGP 17.3bn (4.2%).
The rise in domestic liquidity during July reflects the increase in net domestic assets and the retreat in net foreign assets at the banking system, the report added.
Net domestic assets in the banking system rose by EGP 38.9bn (2.8%) due to the EGP 25.8bn rise in domestic credit and the EGP 13.1bn retreat in the negative balance of net balancing items.
Net foreign assets at the banking system decreased by EGP 10.5bn following the retreat in net foreign assets at banks by EGP 11bn and the rise in those at the CBE by EGP 0.5bn.
The aggregate financial position of banks, excluding the CBE, has risen by EGP 36.7bn (2%) during July, registering EGP 1.853tn at the end of July.
With regard to banks' credit balances, it has moved up by EGP 0.2bn during July, with the private business sector accounting for 63.4% of total non-government credit balances.
The breakdown of non-government credit balances by economic activity at the end of July includes: 34.6% for the industrial sector; 24.9% for services; 10.9% for trade; 1.2% for agriculture; and 28.4% for unclassified sectors.
Net international reserves increased from $16.7bn at the end of June to $16.8bn at the end of August. This covers three months of merchandise imports, with an increase of $0.1bn or 0.9% during July-August 2014/2015.
Reserve money has increased by EGP 6.1bn (1.7% increase) in July due to an increase in net claims on the government by EGP 30.2bn, net claims on banks by EGP 1.2bn and net foreign assets by EGP 0.5bn.
The increase was reflected in a rise in the currency circulation outside the CBE by EGP 15.3bn.


Clic here to read the story from its source.