Domestic liquidity in the banking sector increased to EGP 7.318trn in November 2022, compared to EGP 5.822trn in December 2021, an increase of EGP 1.5trn.
A recent report by the Central Bank of Egypt (CBE) revealed that the money supply recorded EGP 1.692trn in November, compared to EGP 1.382trn in December 2021.
The cash circulating outside the banking system recorded EGP 811.168bn, compared to EGP 701.882bn in December 2021.
CBE also revealed an increase in total deposits in local currency in banks to about EGP 5.346trn in November, compared to about EGP 4.469trn in December 2021.
Deposits in local currency were divided into demand deposits with a value of EGP 881.739bn, compared to EGP 680.464bn in December 2021, of which the public business sector acquired EGP 53.635bn, and the private sector EGP 576.083bn, while the household sector achieved EGP 253.103bn.
Term deposits and savings certificates recorded EGP 4.464trn in November, compared to EGP 3.789trn in 2021, of which the public business sector’s share amounted to EGP 64.173bn, and the private sector EGP 275.3bn, while the household sector achieved EGP 4.125trn.
The CBE also revealed that the total non-governmental deposits in foreign currencies with banks increased to the equivalent of about EGP 1.161trn in November 2022, compared to the equivalent of about EGP 650.82bn in December 2021, an increase of EGP 534.6bn.
The Central Bank stated that demand deposits in foreign currencies amounted to about EGP 312.720bn, while the volume of time deposits and certificates of saving amounted to EGP 848.5bn.
According to the CBE, the demand deposits of the public business sector amounted to EGP 19.269bn, the private business sector EGP 204.610bn, and the household sector to about EGP 89bn.
On the other hand, the volume of public business sector deposits for term and savings certificates in foreign currencies amounted to about EGP 52.325bn, the private business sector deposits amounted to about EGP 185.3bn, and the household sector to about EGP 610.9bn.