Egypt’s domestic liquidity rises to EGP4.140 TR by January end
Egypt’s domestic liquidity increased by 276.8 billion Egyptian pounds to register 4.140 trillion pounds at an increase rate of 7.2 percent during the period from July to January of the 2019/2020 fiscal year (FY) according to The Central Bank of Egypt (CBE) .
CBE added that the increase in domestic liquidity was reflected in the growth of quasi-money that went up by 213.1 billion pounds at a rate of 7.2 percent and the rise in the money supply by 63.7 billion pounds at a rate of 6.9 percent.
The surge in quasi-money came as a result of the rise in non-current deposits in local currency by 287.8 billion pounds at an average of 12.9 percent.
The report attributed the increase in the money supply to the rise in current deposits in local currency by 35.1 billion pounds, at an average of 8.1 percent.