Egypt’s banking sector records $5.95bn net foreign asset surplus in November 2024
[Daily News Egypt - Egypt] - 7/01/2025
The Central Bank of Egypt (CBE) announced that the banking sector’s net foreign assets (NFA) reached a surplus of $5.95bn (EGP 295.6bn) in November 2024, down from a surplus of $9.2bn (EGP 450.861bn) in October 2024. This marks a continued upward trend, with NFA in the sector turning positive in (…)
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