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Egyptian Central Bank: Foreign debt rose to US $34.9b
Published in Youm7 on 03 - 10 - 2011

Egypt's external debt rose by 3.6 percent, reaching U.S. $1.2 billion. Egypt's external debt was U.S. $34.9 billion in June 2011.
Meanwhile the accumulative total national public debt reached 1044.8 billion EGP by the end of June 2011. It is divided between the government by 77.3 percent equaling 808 billion EGP, economic public associations by 6.4 percent equaling 66.8 billion EGP and the National Investment Bank by 16.3 percent equaling 12.9 billion EGP.
Recent reports of the Central Bank revealed national liquidity amount increased by 0.9 percent equaling 9.6 billion EGP. The national liquidity therefore reached 1012.9 billion EGP.
This increased the money supply by 5.6 billion EGP rating at 2.2 percent, quasi-money by 4 billion EGP at a rate of 0.5 percent.
The money supply increased because of cash in circulation outside the banking system rose to 3.2 billion EGP at a rate of 1.9 percent and current deposits rose by 2.4 billion EGP at a rate of 3 percent.
Meanwhile quasi-money increased as a result of raising non-current deposits with national currency by 0.3 percent, equaling 1.6 billion EGP and with foreign currencies by 1.4 percent equaling 2.4 billion EGP.
Foreign assets net rose to 0.1 billion EGP in June 2011. Credit facilities in banks rose by 0.3 percent during July 2011, equaling 1.3 billion EGP.


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