Central Bank: Non-governmental deposits in foreign currencies rise to the equivalent of EGP 2.441 trillion by the end of May 2024

  • Total non-governmental deposits in foreign currencies at banks operating in the Egyptian market amounted to about EGP 2.441 trillion by the end of May 2024, compared to EGP 1.561 trillion by the end of December 2023.

 

  • The Central Bank of Egypt revealed, in its monthly report, that the volume of demand deposits in foreign currencies reached the equivalent of about 595.8 billion pounds, while the volume of time deposits and savings certificates amounted to the equivalent of about 1.845 trillion pounds by the end of last May.

 

  • The Central Bank indicated that the public business sector acquired the equivalent of about EGP 27.354 billion of demand deposits by the end of May 2024, the private business sector acquired the equivalent of about EGP 395.713 billion, and the household sector acquired the equivalent of about EGP 172.902 billion.

 

  • The public business sector also acquired the equivalent of about EGP 117.08 billion in time deposits and savings certificates in foreign currencies, the private business sector the equivalent of about EGP 405.942 billion, and the family sector the equivalent of about EGP 1.322 trillion by the end of May 2024.

 

 

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