The Central Bank of Egypt (CBE) reported a notable rise in broad money supply within the banking sector, reaching EGP 13.622trn in September 2025, up from EGP 13.388trn in August. The increase of roughly EGP 234bn reflects continued liquidity growth across key components of the money supply.
Money supply volume
According to the CBE’s latest monthly bulletin, money supply (M2) rose to EGP 3.637trn in September, compared to EGP 3.525trn a month earlier. Currency in circulation outside the banking system also expanded, reaching EGP 1.418trn versus EGP 1.398trn in August.
The report showed that total non-government deposits in local currency climbed to EGP 9.157trn in September, up from EGP 8.920trn in August.
Local currency demand deposits
Demand deposits in local currency increased to EGP 2.219trn, compared to EGP 2.127trn a month earlier. Public business sector bodies held EGP 102.1bn, the private business sector accounted for EGP 1.199trn, and households held EGP 918.2bn.
Time deposits and saving certificates in local currency rose to EGP 6.938trn, up from EGP 6.792trn in August. Public business sector entities held EGP 65.3bn, private sector balances amounted to EGP 373bn, while the household sector dominated with EGP 6.5trn.
Foreign currency non-government deposits
The CBE reported that total non-government deposits in foreign currencies stood at the equivalent of EGP 3.047trn in September, slightly down from EGP 3.069trn in August.
Foreign currency demand deposits reached the equivalent of EGP 749.98bn, compared to EGP 762.19bn in August. The public business sector held EGP 40.77bn, the private business sector EGP 506.86bn, and households EGP 202.41bn.
Foreign currency time deposits and saving certificates totalled the equivalent of EGP 2.297trn in September, down marginally from EGP 2.307trn a month earlier. Public business sector entities held EGP 153.36bn, the private business sector EGP 518.63bn, and the household sector maintained the largest share at EGP 1.625trn.
