Financial Position
The CBE also shared that the net open foreign currency positions as a percentage of total capital base improved significantly to 5.7 percent in March 2024, from -1.6 percent in December 2023
As a result of increased banks' financial capacity, the value of long-term loans and cash balances in the fund increased significantly on the assets side.
The value of Cash balances increased by 41.9 percent to LE 456.5 billion ($25.45 billion) in the fiscal year of 2015/16
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