Cairo – Mubasher: Egypt’s domestic liquidity increased by 17% year-on-year at the end of August, registering EGP 3.5 trillion, versus EGP 3.003 trillion.
On a monthly basis, liquidity rose slightly last August, compared to EGP 3.46 trillion in July, data by the Central Bank of Egypt (CBE) showed.
Foreign reserves of the North African nation rose to $44.31 billion at the end of July.
The CBE previously posted that Egypt’s foreign reserves amounted to $36 billion prior to the 25th January revolution as the US dollar sources contracted, mainly foreign direct investment (FDI) and tourism.
Foreign reserves of the most populous Arab country rose to $44.41 billion at the end of August, versus $44.31 billion in July.
