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The Central Bank of Egypt (CBE) said that the volume of domestic liquidity in the banking sector rose to EGP 7.182 trillion at the end of October 2022, compared to EGP 5.822 trillion at the end of December 2021.
According to a recent report by the bank, the country’s money supply recorded EGP 1.662 trillion at the end of October, as against EGP 1.382 trillion at the end of December 2021. The volume of cash circulating outside the banking system amounted to EGP 806.991 billion compared to EGP 701.882bn.
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The Central Bank revealed an increase in the volume of non-governmental deposits in local currency in banks to EGP 5.254 trillion at the end of October, compared to about EGP 4.469 trillion at the end of December 2021. The volume of demand deposits amounted to EGP 855.804bn. Of that, EGP 55.489 billion belonged to the public business sector. The share of the private sector amounted to EGP 547.043bn, and the family sector amounted to EGP 253.522 billion. Time deposits and savings certificates recorded EGP 4.398 trillion, of which the public business sector accounted for EGP 60.405bn, the private sector EGP 269.4bn, and the family sector EGP 4.068 trillion.
