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FINANCIAL NEWS
Egyptian deposits increase 22.04% in November
19 Mar 2017
(MENAFN) In Egypt, the total volume of deposits at banks had increased to USD150.3b (2.714tr Egyptian pounds) by the end of November, affected by the flotation of local currency.
The Central Bank of Egypt had showed that government deposits had increased to 474.723tr pounds, including 276.81b pounds in local currency and 197.91b pounds in foreign currency.
On the other hand, non-government deposits has raised to 2.239tr pounds, of which in local currency 1.579tr pounds, and 660.37b pounds in foreign pounds.
However, in November, Egypt had devalued its currency and allowed its pound to float freely in an effort to attract inflows of capital.
MENAFN1903201700450000ID1095326974
MENAFN1903201700450000ID1095326974
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