Egypt’s domestic liquidity rises to all-time high in September, CBE

Egypt’s domestic liquidity continued to increase, registering a new record of $4.757 trillion in September, up by 1.6% from $4.682 trillion in August.

Year-on-year, local liquidity grew by 18.6% from $4.01 trillion in September 2019, according to data by the Central Bank of Egypt (CBE)

The country’s money supply also advanced to $1.134 trillion in September from $1.121 trillion in August.

At the end of October, Egypt’s international reserves grew to $39.22 billion, compared with $38.425 billion in September.