Advertisement
|19 August, 2018

Foreign deposits in Egyptian Banks hit $40bln in June: Central Bank

Egypt’s net international reserves reached $44.315 billion by the end of July

Egyptian police officers stand guard as others inspect the body of the attacker outside a church a in Qalyubiyah, a governorate north of Cairo, Egypt August 11, 2018.

Egyptian police officers stand guard as others inspect the body of the attacker outside a church a in Qalyubiyah, a governorate north of Cairo, Egypt August 11, 2018.

REUTERS/Mohamed Abd El Ghany
Cairo: Banks' total foreign-currency deposits increased by 3.2% year-on-year at the end of June, registering EGP 716.9 billion from EGP 694.2 billion.

On a monthly basis, deposits in foreign currencies rose slightly from around EGP 716.4 billion in May, according to a statement by the Central Bank of Egypt (CBE) on Sunday.

It is worth noting that the North African nation’s net international reserves reached $44.315 billion by the end of July.

This means that Egyptian foreign exchange reserves are still rising, increasing by around 0.40% compared to its level by the end of May, when it totalled $44.138 billion.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

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.