Egypt's Banking Sector Deposits in Foreign Currency Record $41.7 Bln

The total deposits of the Egyptian banking sector in foreign currency recorded about $41.697 billion at the end of July, compared to about $41.383 billion at the end of June, an increase of $314 million.

Deposits in foreign currency were pided into demand deposits in dollars, which amounted to $9.904 billion, and term deposits and savings certificates with a value of $31.792 billion by the end of July.

A central bank report revealed that demand deposits in dollars recorded an increase of $502 million, to reach $9.904 billion at the end of July, compared to $9.402 billion at the end of June 2021.

The demand deposits in dollars were pided into the public business sector, which recorded $429.9 million, private business sector, which recorded $6.075 billion, and the household sector, which recorded $3.403 billion.

By the end of July, term deposits and savings certificates were pided into the public business sector at the value of $1.376 billion, private business sector with a value of $5.571 billion, and the household sector at $25.053 billion.