Egypt’s domestic liquidity rises 21.8% at end-March: CBE

Egypt’s domestic liquidity surged by 21.8 percent, recording 3.34 trillion Egyptian pounds ($188.5 billion) at the end of March 2018 from 2.7 trillion pounds a year earlier, said Central Bank of Egypt (CBE) on Monday.

On a monthly basis, liquidity rose by 1.5 percent last March from 3.29 trillion pounds in February, CBE further referred.

The CBE had previously posted that the North African nation’s foreign reserves rose to $42.611 billion at the end of March 2018 from $42.524 billion a month earlier.