Cairo – Mubasher: Money supply at Egyptian banks rose by 16.7% year-on-year in May to EGP 798.5 billion from EGP 684.2 billion.
On a monthly basis, money supply increased by 2.2% last May, versus EGP 781.2 billion in April, data by the Central Bank of Egypt (CBE) showed.
The CBE had posted that Egypt’s domestic liquidity grew by 19% year-on-year to EGP 3.39 trillion at the end of May 2018, from EGP 2.84 trillion.
Moreover, the North African nation’s international reserves rose slightly to $44.25 billion at the end of June from $44.138 billion a month earlier.
