Egypt’s domestic liquidity rises to EGP 3.466 trillion by end of July "CBE"
The Central Bank of Egypt (CBE).
Cairo - MENA
The Central Bank of Egypt (CBE) said in a report on Monday that Egypt's domestic liquidity increased by EGP 9.1 billion to register EGP 3.466 trillion, at a rate of 0.3 percent, at the end of July.
The report stated that the increase in domestic liquidity was reflected in the growth of quasi-money that increased by EGP 18 billion at a rate of 0.7 percent, and the decline in the money supply by EGP 8.9 billion at a rate of 1 percent.
Quasi-money (Near Money) is a term used in economics to describe highly liquid assets which are not cash but can easily be converted into cash.
The increase in quasi-money came as a result of the rise in non-current deposits in local currency by EGP 10 billion at a rate of 0.5 percent, and in deposits in foreign currency by EGP 8 billion at a rate 0.8 percent, the report added.
The report attributed the decrease in the money supply to the decline in current deposits in local currency by EGP 5.4 billion at a rate of 1.4 percent.
- Monday ,05 November GMT 16:10 2018 Central Bank of Egypt: Foreign reserves rise to USD 44.501 bln in Oct.
GMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 16:10 2018 Monday ,05 November
Central Bank of Egypt: Foreign reserves rise to USD 44.501 bln in Oct.GMT 13:21 2017 Thursday ,23 November
Dollar exchange rate slightly up at major Egyptian banksGMT 17:30 2017 Thursday ,10 August
Egypt's annual inflation rate recorded 35.26% in JulyGMT 08:06 2017 Saturday ,29 July
UAE orders banks to freeze accounts,Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 13:26 2018 Wednesday ,12 December
Russian activist Butina allegedly agrees to plead guilty to conspiracy
GMT 17:56 2017 Monday ,06 February
‘Terrorist’ bomb blast hits outside Bahraini capitalGMT 08:59 2011 Wednesday ,14 December
FM Spotlights HM King Hamad\' s Key Visit to Britain
GMT 06:28 2017 Thursday ,20 April
Careem drop-off and pick-up zones at Riyadh airportGMT 10:38 2012 Wednesday ,28 November
Long, thin snake species found in Ecuador
GMT 08:16 2018 Thursday ,29 November
10 killed, 19 wounded in Taliban attack in KabulGMT 07:05 2012 Wednesday ,05 September
Drew Peterson fate in jury\'s hands
GMT 11:55 2014 Wednesday ,12 March
Count down to BTV Spring Festival Gala
GMT 06:28 2017 Wednesday ,30 August
UN condemns North Korea missile launchGMT 17:24 2011 Thursday ,29 September
Abdul Al-Aziz returns to TV
GMT 12:34 2017 Thursday ,31 August
Ryanair CEO says won't bid
GMT 02:04 2014 Wednesday ,19 February
Showtime orders more \'Shamless,\' \'House of Lies\'
GMT 07:58 2017 Saturday ,10 June
Yemen’s army achieve notable advance
GMT 09:07 2024 Thursday ,08 February
UTair flight makes emergency landing in Russia’s Yekaterinburg
GMT 01:43 2015 Friday ,26 June
Erdogan denies Daesh launched attack from Turkey
GMT 11:36 2015 Saturday ,29 August
UN warns South Sudan rivals to honour ceasefireGMT 21:29 2012 Wednesday ,02 May
Prince Naif stresses GCC states in support of Bahrain
GMT 11:04 2018 Friday ,05 October
Russia urges Washington to return to the culture of diplomacy
GMT 12:40 2014 Thursday ,11 December
Zara-owner Inditex: Profit flat as new stores openGMT 15:47 2012 Saturday ,04 August
Sweden\'s Holocaust hero Wallenberg rememberedGMT 13:00 2012 Monday ,27 February
Giant rocking horse gets Olympic in London
GMT 08:00 2016 Thursday ,17 March
Samsonite profits up in 2015 but outlook 'uncertain'GMT 08:34 2012 Thursday ,30 August
World\'s richest woman: \'Drink less, work more\'GMT 11:56 2012 Wednesday ,10 October
Lebanon\'s teachers, public sector strike over pay raise bill
GMT 22:45 2014 Thursday ,06 November
International ozone treaty working despite anomalyGMT 23:30 2012 Monday ,17 September
Zamalek\'s Hassan demands his dues to remain at the clubGMT 16:29 2012 Thursday ,04 October
Psy brings \'Gangnam Style\' homeGMT 23:57 2013 Monday ,06 May
Monkey math: Baboons show brain\'s ability to understand numbersGMT 08:04 2011 Saturday ,30 July
Chelsea accept Malaysia\'s Benayoun apology
GMT 12:31 2018 Sunday ,16 September
Israeli settlers storm Al-Aqsa Mosque
GMT 12:14 2018 Thursday ,06 September
Arab socio-economic council holds meeting
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor