The Central Bank of Egypt (CBE) revealed on Monday that the domestic liquidity in the banking sector increased by EGP 562.3bn to EGP 7.965trn in March 2023, compared to EGP 7.402trn in December 2022.
The CBE stated that the money supply recorded EGP 1.844trn in March 2023, compared to EGP 1.739trn in December 2022, and the cash circulating outside the banking system amounted to EGP 859.5bn compared to EGP 831.2bn.
The Central Bank indicated that the total non-governmental deposits in local currency in banks increased to EGP 5.614trn in March 2023, compared to about EGP 5.411trn in December 2022, an increase of EGP 202.6bn.
According to the CBE, demand deposits recorded EGP 985.3bn in March 2023, compared to EGP 908.3bn in December 2022, pointing out that the public business sector acquired EGP 50.38bn of those deposits, the private sector EGP 632.9bn, and the family sector EGP 302.3bn.
This comes as the balance of term deposits and savings certificates amounted to EGP 4.628trn, compared to EGP 4.503trn, of which EGP 72.740bn belonged to the public business sector, and EGP 295.7bn to the private sector, while the share of the family sector amounted to EGP 4.260trn.
In the same context, the Central Bank revealed an increase in total non-governmental deposits in foreign currencies with banks, to the equivalent of EGP 1.491trn in March 2023, compared to the equivalent of about EGP 1.16trn in December 2022.
The CBE stated that demand deposits in foreign currencies amounted to the equivalent of EGP 398.2bn, while the volume of time deposits and savings certificates in foreign currencies amounted to the equivalent of EGP 1.093trn.
According to the CBE, the value of demand deposits in foreign currencies for the public business sector amounted to about EGP 27.878bn, the private business sector amounted to EGP 260.0bn, and the family sector amounted to about EGP 110.341bn.
The public business sector’s share of term deposits and savings certificates in foreign currencies amounted to about EGP 62.922bn, private business sector deposits amounted to about EGP 247.493bn, and the family sector amounted to EGP 782.745bn.
