Egypt's net foreign assets deficit hit EGP 834B in November: CBE

Updated 1/2/2024 6:30:00 AM
Egypt's net foreign assets deficit hit EGP 834B in November: CBE

Arab Finance: Egypt's net foreign assets (NFAs) hit a negative EGP 833.964 billion in November, compared to a negative EGP 839.219 billion at the end of October, data from the Central Bank of Egypt (CBE) revealed.

The data also showed that foreign assets with the CBE amounted to EGP 1.056 trillion at the end of November, and the foreign assets with banks stood at EGP 433.351 billion.

Meanwhile, foreign liabilities with the CBE and banks totaled EGP 2.323 billion.

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