Egypt Daily News – The total non-governmental deposits in foreign currencies with banks operating in the Egyptian market amounted to the equivalent of about 2.776 trillion pounds at the end of October 2024, compared to the equivalent of 1.561 trillion pounds at the end of December 2023.
The Central Bank of Egypt revealed, in its monthly report, that the volume of demand deposits in foreign currencies reached the equivalent of about 684.987 billion pounds, while the volume of time deposits and savings certificates amounted to the equivalent of about 2.091 trillion pounds by the end of October 2024.
It indicated that the public business sector had the equivalent of about 32.478 billion pounds of demand deposits in foreign currencies at the end of last October, the private business sector had the equivalent of about 467.198 billion pounds, and the family sector had the equivalent of about 185.434 billion pounds.
The public business sector also acquired the equivalent of about 142.847 billion pounds of term deposits and savings certificates in foreign currencies, the private business sector the equivalent of about 465.631 billion, and the family sector the equivalent of about 1.482 trillion pounds by the end of last October.
The total non-governmental deposits in local currency with banks operating in the local market increased to 7.307 trillion pounds by the end of October 2024, compared to 6.247 trillion pounds by the end of December 2023.
In a recent report, the Central Bank revealed that the volume of demand deposits in local currency reached 1.614 trillion pounds at the end of last October, compared to 1.301 trillion pounds at the end of December 2023.
According to the Central Bank, the public business sector’s share of those deposits amounted to 107.434 billion pounds, the private sector 907.222 billion pounds, and the family sector 600.035 billion pounds at the end of last October.
The Central Bank revealed that the volume of time deposits and savings certificates in local currency reached about 5.693 trillion pounds at the end of last October, compared to 4.946 trillion pounds at the end of 2023, pointing out that the public business sector acquired about 65.393 billion pounds of those deposits, the private sector 325.964 billion pounds, and the family sector. 5.301 trillion pounds.
