Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egyptian Countryside Development chief discusses cooperation with Italian ambassador    CIB completes fifth securitisation issuance for B.TECH worth EGP 859.4m    Madbouly reviews legalisation of newly annexed lands to new cities, housing offerings    Nigeria endorses El-Anany for UNESCO amid closer economic links with Egypt    Roche helps Egypt expand digital pathology and AI diagnostics    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egyptian pound shows stability in Sunday trading    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt exports 175K tons of food in one week    Egypt, Somalia discuss closer environmental cooperation    Egypt's Health Minister reviews upgrades at Gustave Roussy Hospital    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Egypt's EDA explores pharma cooperation with Belarus    Egypt expresses condolences to Iraq over fire tragedy    Foreign, housing ministers discuss Egypt's role in African development push    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    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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    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    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 in Egyptian banking sector increases to EGP 6.808trn in August 2022: CBE
Volume of non-governmental bank deposits in local currency increased to EGP 5.128trn
Hossam Mounir Published in Daily News Egypt on 02 - 10 - 2022

Domestic liquidity in the Egyptian banking sector increased to EGP 6.808trn in August 2022, compared to EGP 6.708trn in July, a growth of EGP 99.7bn.
A recent report by the Central Bank of Egypt (CBE) revealed that the size of the money supply reached EGP 1.613trn in August, compared to EGP 1.575trn in July.
According to the CBE, the volume of cash circulating outside the banking system amounted to EGP 798.274bn in August, compared to EGP 8000.997bn in July.
The CBE also revealed that the total non-governmental bank deposits in local currency increased to about EGP 5.128trn in August 2022, compared to about EGP 5.036trn in July, a growth of EGP 91.5bn.
According to the CBE, demand deposits recorded EGP 814.964bn in August, compared to EGP 774.428bn in July. The public business sector acquired about EGP 56.325bn of the August demand deposits, the private sector EGP 511.547bn, and the household sector EGP 247.301bn.
He added that time deposits and savings certificates amounted to EGP 4.313trn in August, compared to EGP 4.262trn in July, and the public business sector's share amounted to EGP 51.678bn, the private sector EGP 251.822bn, and the household sector EGP 4.009trn in August.
The CBE also indicated that non-governmental bank deposits in foreign currencies increased to about EGP 882.016bn in August, compared to about EGP 871.071bn in July.
According to the CBE, the demand deposits in foreign currencies amounted to the equivalent of EGP 241.144bn, and time deposits and savings certificates amounted to EGP 640.872bn.
The CBE pointed out that the public business sector acquired about EGP 12.093bn of demand deposits in foreign currencies, the private business sector EGP 153.342bn, and the household sector EGP 75.839bn.
The public business sector acquired the equivalent of about EGP 41.261bn of time deposits and savings certificates in foreign currencies, the private business sector about EGP 127.932bn, and the household sector EGP 471.6bn.

Clic here to read the story from its source.