egypt’s domestic liquidity rises to egp 3466 trillion by end of july cbe
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
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Egypt’s domestic liquidity rises to EGP 3.466 trillion by end of July "CBE"

Egypt Today, egypt today

Egypt Today, egypt today Egypt’s domestic liquidity rises to EGP 3.466 trillion by end of July "CBE"

The Central Bank of Egypt (CBE).
Cairo - MENA

The Central Bank of Egypt (CBE) said in a report on Monday that Egypt's domestic liquidity increased by EGP 9.1 billion to register EGP 3.466 trillion, at a rate of 0.3 percent, at the end of July.

The report stated that the increase in domestic liquidity was reflected in the growth of quasi-money that increased by EGP 18 billion at a rate of 0.7 percent, and the decline in the money supply by EGP 8.9 billion at a rate of 1 percent.

Quasi-money (Near Money) is a term used in economics to describe highly liquid assets which are not cash but can easily be converted into cash.

The increase in quasi-money came as a result of the rise in non-current deposits in local currency by EGP 10 billion at a rate of 0.5 percent, and in deposits in foreign currency by EGP 8 billion at a rate 0.8 percent, the report added.

The report attributed the decrease in the money supply to the decline in current deposits in local currency by EGP 5.4 billion at a rate of 1.4 percent.

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egypt’s domestic liquidity rises to egp 3466 trillion by end of july cbe egypt’s domestic liquidity rises to egp 3466 trillion by end of july cbe



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