Egypt's M2 money supply accelerates to 15.62% Y/Y in April -central bank

The money supply stood at $274.27bln

  
An employee counts money in a foreign exchange office in central Cairo, April 15, 2015. Image used for illustrative purpose.

An employee counts money in a foreign exchange office in central Cairo, April 15, 2015. Image used for illustrative purpose.

REUTERS/Asmaa Waguih

CAIRO- Egypt's M2 money supply growth accelerated to 15.62% year-on-year in April, according to central bank data published on Sunday.

The money supply stood at 4.35 trillion Egyptian pounds ($274.27 billion), up from 4.28 trillion pounds one month earlier and 3.76 trillion pounds in April 2019. ($1 = 15.8600 Egyptian pounds)

(Reporting by Aidan Lewis Editing by Mark Heinrich) ((Aidan.Lewis@tr.com; +20-1001174410;))

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