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Local liquidity in Egypt scores new record - Survey

Local liquidity in Egypt scores new record - Survey
Liquidity increased to EGP 4.011 trillion in September

By: Heba Elkordy

Cairo – Mubasher: Local liquidity in Egypt maintained its rising trend during September 2019, exceeding EGP 4 trillion for the first time ever, as shown by a Mubasher survey based on the Central Bank of Egypt (CBE) most recent data.

Liquidity increased to EGP 4.011 trillion in September, growing by 15% year-on-year, compared with EGP 3.5 billion in the same period last year.

On a monthly basis, liquidity in the local market went up by 2%, compared with roughly EGP 3.92 trillion by the end of last August.