Egypt c.bank: Kuwait extends maturity of $2 bln deposit to Sep 2023

Kuwait has decided to extend the maturity of $2 billion worth of deposits it made with Egypt’s central bank (CBE) to mature in September 2023 instead of September 2022.

According to CBE’s external situation of the Egyptian economy, Kuwait had $4 billion worth of two deposits with the Egyptian central bank. The first was extended until September 2023, while the second is due to mature in April 2023.

Egypt’s external debt had decreased to $154.980 billion at the end of the first quarter of the 2022/2023 financial year, compared to $155.708 billion at the end of the last quarter of 2021/2022, the report added.