Cairo – Mubasher: Total foreign-currency deposits at Egyptian banks rose by 7.2% year-on-year in January to EGP 741.3 billion, versus EGP 691.2 billion.
Month-on-month, deposits in foreign currencies fell slightly at the end of January from around EGP 743.5 billion in December 2018, data by the Central Bank of Egypt (CBE) showed.
The CBE also stated that Egypt’s domestic liquidity rose slightly at the end of January to EGP 3.64 trillion, versus EGP 3.62 trillion in December 2018.
Year-on-year, domestic liquidity increased by 12%, versus EGP 3.25 trillion in January 2018.
Foreign reserves of the most populous Arab state grew to $42.61 billion last January, according to the CBE.
The CBE previously stated that Egypt’s foreign reserves fell by $1.962 billion, or 4.4% month-on-month, in December to $42.55 billion.
