News

30 Jun 2024

The dollar ends the week at 48 in Egypt, and the net assets deficit ends... with positive expectations.

Data released by the Central Bank of Egypt today revealed that the net foreign assets in the banking sector shifted from a deficit to a surplus for the first time since January 2022. The surplus reached 14.3 billion dollars at the end of May, compared to a deficit of 3.64 billion dollars in April, marking the first time since the economic crisis in February 2022.

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