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Domestic liquidity increases to EGP 1.44tn: CBE - Daily News Egypt

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Domestic liquidity increases to EGP 1.44tn: CBE

Increase of net domestic and foreign assets in banking system contribute to a 11% increase in domestic liquidity, according to central bank report


The progress of domestic liquidity and percentage of Ministry of Planning’s GDP statistics (Photo Courtesy of the CBE)
The progress of domestic liquidity and percentage of Ministry of Planning’s GDP statistics
(Photo Courtesy of the CBE)

By Abdel Qader Ramadan
Domestic liquidity rose to EGP 1.4384tn, an estimated increase of EGP 142.3bn, or 11%, over the period from July through March of the 2013-2014 fiscal year, according to a Central Bank of Egypt (CBE) report released on Monday.

The report attributed the increase in domestic liquidity to an increase in net domestic and foreign assets in the banking system, pointing to a rise in net domestic assets of EGP 141.2bn, or 12%, over the period from July to March of the current fiscal year. This rise is a result of increased net domestic credit of EGP 173.6bn, 12.9%, in addition to a rise in net foreign assets of EGP 1.1bn, 0.9%, during the same period, which saw a rise in the CBE’s net foreign assets of EGP 3.1bn and reduction of EGP 2bn.

According to the report, the overall financial position of the banks, other than CBE, rose approximately EGP 211.2bn, 13.5%, over the period from July through March of the 2013-2014 fiscal year, reaching EGP 1,775bn at the end of March 2014.

 

March

February

January

Decembe

November

October

September

August

1438421

1417624

1398255

1387688

1360134

1348484

1334967

1329492

Domestic  Liquidity

70.17%

69.15 %

68.21%

67.69 %

66.35 %

65.78 %

65.12 %

64.85 %

% of GDP

Values in millions of EGP

According to GDP target of Ministry of Planning for2013- 2014

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https://www.dailynewsegypt.com/2014/06/03/domestic-liquidity-increases-egp-1-44tn-cbe/
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