Balance of payments hit $3.7bn surplus in 2014 / 2015

GMT 20:29 2015 Wednesday ,09 September

Arab Today, arab today Balance of payments hit $3.7bn surplus in 2014 / 2015

Central Bank of Egypt
Cairo - MENA

Egypt's balance of payments recorded an overall surplus of 3.7 billion in the 2014/2015 fiscal year, against $1.5 billion in the past year, according to a statement by the Central Bank of Egypt (CBE).

The CBE said the volume of foreign direct investments in Egypt and deposits from some Arab countries witnessed significant increase in the past fiscal year, said the statement.

Egypt's current account deficit has increased to record $12.2 billion compared to $2.7 billion in the 2013/2014 fiscal year.

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