egypts balance of payments surplus hits 19bn in q1 of 20167
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Egypt's balance of payments surplus hits $1.9bn in Q1 of 2016/7

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Arab Today, arab today Egypt's balance of payments surplus hits $1.9bn in Q1 of 2016/7

Central Bank of Egypt (CBE)
Cairo - MENA

Egypt's balance of payments recorded an overall surplus of some USD 1.9 billion during the first quarter of 2016/2017, against USD 3.7 billion in deficit the previous year, the Central Bank of Egypt (CBE) said in a statement. 

The capital and financial account resulted in a net inflow of around USD 7.1 billion, compared to some USD 1.6 billion.

The current account deficit improved, registering only some USD 8.7 billion against some USD 10 billion. 

The improvement in the current account deficit is mainly traceable to the increase in commodity exports and the decrease in commodity imports. 

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egypts balance of payments surplus hits 19bn in q1 of 20167 egypts balance of payments surplus hits 19bn in q1 of 20167

 



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egypts balance of payments surplus hits 19bn in q1 of 20167 egypts balance of payments surplus hits 19bn in q1 of 20167

 



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