Egypt’s domestic liquidity surges to EGP 5.256 trillion in May: c.bank

Egypt’s domestic liquidity surged to around 5.256 trillion Egyptian pounds ($335.4 billion) in May from 5.184 trillion pounds in April, the central bank said on Sunday.

The increase in domestic liquidity was reflected in the growth of the country’s money supply to 1.226 trillion pounds at the end of May from 1.196 trillion pounds at the end of April and the quasi-money to around 4.030 trillion pounds from 3.987 trillion pounds.