Net Foreign Assets Deficit

Egypt’s net foreign assets deficit narrows, reflecting impact of reforms and fresh foreign currency

Wed, 15 May 2024 - 12:23 GMT

The narrowing of the deficit reflects the surge in foreign currency reserves after the fresh inflows for FX from the Ras El Hekma deal and the depreciation of the Egyptian pound

Egypt’s net foreign assets deficit drops by $170M in November to $26.98B, CBE

Tue, 02 Jan 2024 - 12:11 GMT

NFAs saw a slight improvement during November, reported at negative $11.2 billion compared to negative $11.3 billion in October

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