The net foreign assets of the banking system, banks and the Central Bank of Egypt (CBE) rose by about $994.57 million at the end of September 2021, to record $11.076 billion, compared to $10.081 billion, month-over-month.
Net foreign assets
Net foreign assets (NFA) refer to the value of overseas assets owned by a nation, minus the value of its domestic assets that are owned by foreigners.
The foreign assets of the banking sector recorded $56.962 billion at the end of September, compared to $55.366 billion (MoM), an increase of $1.595 billion, according to monthly statistical data of the central bank.
The total foreign assets of the central bank amounted to $39.783 billion at the end of September, compared to $39.579 billion at the end of August, an increase of $203.98 million.
The net foreign assets of banks recorded $17.179 billion at the end of September 2021, compared to $15.787 billion a month earlier, an increase of $1.391 billion.
Foreign exchange Liabilities
Foreign exchange Liabilities is the aggregate of all liabilities of the issuer consisting of loans, deposits, claims or other liabilities.
Total foreign Liabilities to the banking sector amounted to $45.886 billion, compared to $45.285 billion at the end of August.
CBE's foreign Liabilities amounted to $24.884 billion at the end of September 2021, compared to $25.074 billion, a drop of $189.48 million, while, the total foreign exchange liabilities of the banking sector amounted to $21.001 billion at the end of September, compared to $20.211, an increase of $790.39 million.
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