Arab Finance: Egypt’s net foreign assets (NFAs) hit a surplus of EGP 626.637 billion in June, versus a deficit of EGP 834.605 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 2.161 trillion at the end of June, while foreign assets with banks stood at EGP 1.473 trillion.

Meanwhile, foreign liabilities with the CBE and banks totaled EGP 30.083 trillion.

Egypt’s NFAs achieved a surplus of EGP 676.405 billion at the end of May, the first NFA surplus recorded in 28 months.

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