Domestic liquidity surge to 2.094 trillion Egyptian pounds in June: CBE

Egypt’s domestic liquidity surged to 2.094 trillion Egyptian pounds ($235.7 billion) by end of June this year, according to the central bank’s monthly bulletin released on Wednesday.

In May, domestic liquidity stood at 2.044 trillion pounds.

The increase in domestic liquidity was reflected in the growth of the money supply to 572.935 billion pounds in June, from 552.97 billion pounds in May, backed by the rise in local currency deposits with banks to 226.082 billion pounds, the central bank added.

Another factor contributed to the rise in domestic liquidity was the growth of the quasi-money to 1.521 trillion pounds by end of June, compared to 1.491 trillion pounds by end of May.