The Central Bank of Egypt (CBE) has announced an increase in domestic liquidity in the banking sector to EGP 7.402trn in December 2022, compared to EGP 5.822trn in December 2021, an increase of about EGP 1.580trn.
The CBE’s money supply increased to EGP 1.739trn, compared to EGP 1.382trn, while the cash circulating outside the banking system amounted to EGP 831.227bn, compared to EGP 701.882bn.
The CBE revealed that the total non-governmental deposits in local currency in banks increased to about EGP 5.411trn in December 2022, compared to EGP 4.469trn in December 2021, an increase of EGP 941.492bn.
According to the CBE, demand deposits in local currency amounted to EGP 908.395bn, compared to EGP 680.464bn, pointing out that the public business sector acquired EGP 53.635bn, the private sector EGP 596.573bn, and the household sector EGP 256.532bn.
It indicated that term deposits and savings certificates amounted to EGP 4.503tn at the end of December 2022, compared to EGP 3.789trn in December 2021, and the public business sector acquired EGP 68.378bn of it, the private sector EGP 289.532bn, and the household sector EGP 4.145trn.
The CBE data also revealed an increase in total non-governmental deposits in foreign currencies with banks, to about EGP 1.160trn in December 2022, compared to EGP 650.82bn in December 2021.
The CBE said that demand deposits in foreign currencies amounted to EGP 309.862bn, while the volume of time deposits and certificates of saving amounted to EGP 850.217bn.
According to the CBE, the value of demand deposits in foreign currencies for the public business sector amounted to about EGP 22.638bn, the private business sector EGP 199.618bn, and the household sector EGP 87.703bn.
The volume of deposits of the public business sector for term and certificates of savings in foreign currencies amounted to about EGP 48.485bn, private business sector deposits amounted to EGP 185.5bn, and the household sector amounted to EGP 616.153bn.