Egypt's M2 money supply up 17.58% year-on-year in October: central bank

Data from the central bank showed

  
A woman walks past the Central Bank of Egypt's headquarters in downtown Cairo March 17, 2013. Image used for illustrative purpose

A woman walks past the Central Bank of Egypt's headquarters in downtown Cairo March 17, 2013. Image used for illustrative purpose

REUTERS/Amr Dalsh

CAIRO- Egypt's M2 money supply rose by 17.58% year-on-year in October, data from the central bank showed on Tuesday.

Money supply stood at 5.65 trillion Egyptian pounds ($360.79 billion) up from 4.8 trillion pounds a year prior.

($1 = 15.6600 Egyptian pounds)

(Reporting by Moataz Abdelrahiem; Editing by Alex Richardson)


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