CBE: Egypt's domestic liquidity rises to LE 4.140T by end of January

CAIRO - 23 March 2020: The Central Bank of Egypt (CBE) said in a report on Monday that Egypt's domestic liquidity increased by LE 276.8 billion to register LE 4.140 trillion at an increase rate of 7.2 percent during the period from July to January of the 2019/2020 fiscal year (FY).

The report stated that the increase in domestic liquidity was reflected in the growth of quasi-money that went up by LE 213.1 billion at a rate of 7.2 percent and the rise in the money supply by LE 63.7 billion 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 LE 287.8billion 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 LE 35.1 billion, at an average of 8.1 percent.