Egypt.C.Bank Unveils EGP 66.3 bln Domestic Liquidity Till 1/ Sept

By Salma Ayman On Sep 4, 2013

The Central Bank of Egypt (CBE), has revealed that the size of domestic liquidity reserves of banks operating in the banking sector up EGP 66.3 billion until 2 /9/2013, with down nearly EGP 13.3 billion in two weeks.

CBE has obtained a copy from this domestic liquidity reserves to hit around EGP 71.4 billion in the period ranging from 20/8 to 2/9/2013, according to the latest report to Amwal Al Ghad.

CBE reduced the proportion of reserve requirement of the deposits with a local currency from 14% to 12% in March 2012, and it declined again to 10% in May 2012 to provide more liquidity for the banks operating in the banking sector.

Banks Central Bank of Egypt (CBE)deposits local currency