Cairo - Mubasher: Egypt's balance of payments (BoP) registered a surplus of $1.8 billion during the first nine months of the fiscal year (FY) 2020/2021, the Middle East News Agency (MENA) reported, citing a report by the Central Bank of Egypt.
During the corresponding period in FY19/20, the country's BoP recorded a deficit of $5.1 billion due to the coronavirus (COVID-19) crisis.
The report showed that the current account deficit widened to $13.3 billion in the nine-month period ended 31 March, compared to $7.3 billion in the prior-year period.
Source:
Mubasher