Egypt’s balance of payment (BoP) recorded an overall deficit of $2.1 billion in fiscal year (FY) 2024/2025, compared to an overall surplus of $9.7 billion in FY 2023/2024, according to a report issued by the Central Bank of Egypt (CBE).

The Egyptian economy witnessed remarkable developments during the first nine months of fiscal year (FY) 2024/2025, with current account deficit retreating by 22.6% to $13.2 billion from $17.1 billion in the same period of FY2023/2024, the Central Bank of Egypt’s (CBE) data showed.

Egypt’s balance of payment (BoP) saw an overall deficit of $991.2 million in the first quarter (Q1) of fiscal year (FY) 2024/2025, versus a surplus of$228.8 million in the same quarter of the previous FY, as per the Central Bank of Egypt’s (CBE) recent BoP report.

Egypt’s balance of payment (BoP) saw an overall surplus of $9.7 billion during the previous fiscal year (FY) of 2023/2024, compared to a surplus of $882.4 million in FY 2022/2023, according to the Central Bank of Egypt’s (CBE) BoP performance report for FY 2023/2024.

Egypt’s balance of payment (BoP) saw an overall surplus of $4.1 billion during the first nine months of the previous fiscal year (FY) 2023/2024, compared to a surplus of $281.9 million in the same period of FY 2022/2023, according to a report by the Central Bank of Egypt (CBE).

Egypt’s balance of payment (BoP) saw an overall deficit of $409.6 million during the first half (H1) of the current fiscal year (FY) 2023/2024, versus a surplus of $599.1 million in the same period of FY 2022/2023, according to a report by the Central Bank of Egypt (CBE).

Egypt’s balance of payment (BoP) saw an overall surplus of $228.8 million during the first quarter (Q1) of the current fiscal year (FY) 2023/2024, versus a surplus of $523.5 million in the same period of FY 2022/2023.

Egypt’s balance of payment (BoF) recorded a deficit of $2.81 billion in the third quarter (Q3) of 2023, versus a surplus of $557 million in Q2 2023.

Remittances are considered one of the main sources of foreign currency for developing countries like Egypt. However, Egypt has been facing some challenges in encouraging Egyptians abroad to transfer their remittances via formal channels. Therefore, the country has been taking several steps to face these challenges and enhance the inclusion of remittance transfers into the economy. Yet, more needs to be done to boost remittances received by the country via formal channels.

Egypt’s balance of payment (BoP) saw an overall surplus of $882.4 million during the fiscal year (FY) 2022/2023, according to a report by the Central Bank of Egypt (CBE).

Egypt’s balance of payment (BoP) saw an overall surplus of $281.9 million during the first nine months of fiscal year (FY) 2022/2023.

The Egyptian Cabinet has discussed proposals to maintain positive indicators regarding balance of payments (BoP) position in the short and long terms

The improvement in the current account deficit was impacted by the 28.4% decline in the trade deficit that reached $15.5 billion.