Latest in Highlight
The CBE revealed that the current account deficit registered $7.6bn and the capital and financial account unfolded a net inflow of $7.8bn in the reporting period.
58.6% drop in current account deficit to $6bn, down from $14.4bn in FY 2016-2017
Exports revenues amount to $21.7bn, imports register $57.1bn, tourism profits at $4.4bn, $4.9bn from Suez Canal
Surplus includes $5.1bn generated after flotation
The CBE said in a statement on its website on Sunday that the increase of the BOP deficit is ascribed to the increase in the current account deficit that registered $14.5bn between July 2015 and March 2016, versus $8.4bn year-on-year (y-o-y).
HC believes that the EGP needs to be depreciated to gain competitiveness in real terms among other currencies, says the report
Egypt’s BOP recorded $410m surplus in Q1 2014/2015
The current account balance came in at $755.8m, down from $757m registered during 1Q FY 2013/2014
Economic and financial consulting firm Dcode estimates that Egypt will receive additional $5.5bn-$6bn during the 2014 calendar year
Central Bank of Egypt: current account deficit retreated by 45% to reach $ 5.6bn from $10bn