Egypt's net foreign assets deficit hits $3.7bln in April: CBE

The data also showed that foreign assets with the CBE amounted to EGP 1.883 trillion at the end of April, while foreign assets with banks stood at EGP 1.195 trillion

Staff Writer, Arab Finance

June 2, 2024

PHOTO

Egypt's net foreign assets (NFAs) hit a negative EGP 174.385 billion in April, compared to a negative EGP 199.652 billion at the end of March, data from the Central Bank of Egypt (CBE) showed.

The data also showed that foreign assets with the CBE amounted to EGP 1.883 trillion at the end of April, while foreign assets with banks stood at EGP 1.195 trillion.

Meanwhile, foreign liabilities with the CBE and banks totaled EGP 32.523 trillion.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO