Thursday, January 10, 2019

In figures .. Learn about the evolution of the economy of Egypt with the world in 3 months





The Central Bank of Egypt (CBE) announced on Thursday the performance indicators of the balance of payments, which includes transactions of the Egyptian economy with the outside world, where the balance of payments surplus of 284 million dollars during the period from July to September of the current fiscal year 2018 - 2019,.






- The capital and financial account achieved a net inflow of about $ 1.6 billion, despite the pressures of emerging markets from the exit of foreign capital.






- The current account deficit stabilized at about $ 1.8 billion.






-In continuation of the positive results of the decision to liberalize the exchange rate to increase the competitiveness of Egyptian products in foreign markets, the proceeds of commodity exports rose by 16.2% to reach about 6.8 billion dollars (compared to about 5.8 billion dollars).






-The increase in the production of natural gas from the field appeared to limit the negative impact of the rise in world prices on the oil balance, as the quantities of imported natural gas fell by about 48.2%.






-The stability of imported quantities of petroleum products prevented the negative impact of the increase in world oil prices on the trade balance.






-The surplus in the balance of services increased by 50.4 percent to record about 4.3 billion dollars (about 2.8 billion dollars)).






-The surplus in the balance of travel to about 3.2 billion dollars (compared to about 2.0 billion dollars).






-Suez Canal traffic receipts increased 4.3% to reach $ 1.44 billion (compared to $ 1.38 billion).






- Egyptian expatriates' remittances rose by 1.5% to reach 5.9 billion dollars.






- Net foreign direct investment (FDI) in Egypt was about $ 1.1 billion (inflow)).






- Long-term and medium-term loans and facilities resulted in a net repayment of US $ 197.5 million (compared to net US $ 1.2 billion).





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