Australia's GDP rises 0.6% in June quarter: ABS    EFG Hermes raises TMG share price target to EGP 130    Egyptian pound ends week lower against US dollar – CBE    Egypt, Slovenia eye stronger economic ties amid regional challenges    Egypt's PM says $7.5bn Qatari investment package being activated    Egyptian FM holds high-level talks in Slovenia, urges EU pressure on Israel    Geopark in Fayoum tops agenda in Egypt-UNESCO environmental talks    Egypt expresses condolences to Sudan after deadly Darfur landslides    CI Capital Concludes EGP 1.3B Securitized Bond Issuance for Al-Tameer Leasing and Factoring (Al Oula)    Egypt PM at SCO summit: Israeli war in Gaza a 'war of starvation'    US, Egypt launch Bright Star 25 military exercises with participation from 40 nations    US ambassador celebrates Egypt's top Thanawaya Amma students, launches $50,000 training initiative    Egypt's Environment Minister leads key meeting to accelerate preparations for Barcelona Convention    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    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    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    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.



67.4% increase in total collected foreign exchange in 2015/2016: CAPMAS
Hossam Mounir Published in Daily News Egypt on 22 - 02 - 2017

Total proceeds of foreign exchange amounted to EGP 1.5088tn 2015/2016, compared to EGP 901.5bn in 2014/2015—an increase of 67.4%—according to the Central Agency for Public Mobilization and Statistics' (CAPMAS) recent annual bulletin on collection and payment of foreign exchange in 2015/2016.
CAPMAS attributed the increase to increased receipts from goods exports and private transfers without charge.
Meanwhile, the total payments amounted to EGP 1.0114tn in 2015/2016, compared to EGP 824.8bn in 2014/2015—an increase of 22.6%—due to the increase in payment transfers, direct investment, and current transfers without special charge.
Moreover, the report stated that proceeds from World Trade Organization countries amounted to EGP 1.2516tn in 2015/2016, compared with EGP 713bn in 2014/2015, an increase of 75.6%, due to the increased receipts from France, Germany, and the United Kingdom.
On the other hand, the payments amounted to EGP 954.4bn in 2015/2016 compared to EGP 666.5bn in 2014/2015—an increase of 43.2%—on the back of an increase in payments to the Netherlands, the United Kingdom, and Saudi Arabia.
In addition, the report noted that proceeds from the countries of the Arab Free Trade Area amounted to EGP 673bn in 2015/2016 compared to EGP 407.2bn in 2014/2015—an increase of 65.3%. CAPMAS attributed that increase to increased intakes from Saudi Arabia, Jordan, and the United Arab Emirates. Payments, on the other hand, amounted to EGP 195.5bn in 2015/2016, compared to EGP 163.1bn in 2014/2015—an increase of 19.9%.
As for the proceeds and payments in economic blocs in which Egypt is not a member, CAPMAS stated that proceeds from the European Union (EU) amounted to EGP 269.3bn in 2015/2016, compared to EGP 135.4bn in 2014/2015—an increase of 98.9%—due to the increased intakes from Luxembourg, Ireland, and Spain.
Payments to EU countries amounted to EGP 361.5bn in 2015/2016, compared to EGP 225.6bn in 2014/2015—an increase of 60.2%—on the back of an increase in payments to the Netherlands, Ireland, and Greece.
Furthermore, proceeds from Southeast Asian countries amounted to EGP 15.9bn in 2015/2016 compared to EGP 7.1bn in 2014/2015—an increase of 124%—due to the increased proceeds from Indonesia, the Philippines, and Singapore.
The payments to these countries amounted to EGP 32.3bn in 2015/2016, compared to EGP 21.7bn in 2014/2015—an increase of 49.0%—due to the increased payments in Vietnam and the Philippines.

Clic here to read the story from its source.