Arab Finance: Egypt’s net foreign assets (NFAs) hit a surplus of EGP 450.861 billion in October, versus a deficit of EGP 839.219 billion in the same month last year, as per data from the Central Bank of Egypt (CBE).
The data also showed that foreign assets with the CBE amounted to EGP 2.224 trillion at the end of October, while foreign assets with banks stood at EGP 1.359 trillion.
Meanwhile, foreign liabilities with the CBE and banks totaled EGP 3.133 trillion.