Egypt's net foreign assets in August declared: CBE

Reuters Images

The data also showed that foreign assets with the CBE amounted to EGP 1.05 trillion at the end of August

Staff Writer, Arab Finance

October 4, 2023

PHOTO

Egypt's net foreign assets (NFAs) hit a negative EGP 801.269 billion in August, compared to a negative EGP 812.408 billion at the end of July, data from the Central Bank of Egypt (CBE) revealed.

The data also showed that foreign assets with the CBE amounted to EGP 1.05 trillion at the end of August, and the foreign assets with banks stood at EGP 404.955 billion.

Meanwhile, foreign liabilities with the CBE and banks totaled EGP 2.256 trillion end-August.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO