Cash liquidity records 1.07 trillion pounds in the Egyptian market

The Central Bank of Egypt announced an increase in cash liquidity in the local market by about 20.1 billion pounds to record about 1.007 trillion pounds until the end of October 2021, compared to about 1.033 trillion until September 2021.

The latest report issued by the Central Bank of Egypt indicated that this was reflected in the increase in cash circulating outside the central bank’s coffers by EGP 18.6 billion, at a rate of 2.6%, and banks’ deposits in local currency with the Central Bank, by EGP 1.5 billion, at a rate of 0.6%.

The Central Bank added that the rise in reserve money came as a result of the rise in net liabilities from the government by 133.9 billion pounds, and net liabilities from banks by 12.1 billion pounds on the one hand.
The negative balance of the net budget items also increased by about 93.3 billion pounds on the one hand, and the foreign assets of the Central Bank decreased by 32.6 billion pounds on the other hand.