Egypt's M2 money supply accelerates to 14.82% year-on-year in March

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Thu, 30 Apr 2020 - 12:41 GMT

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Thu, 30 Apr 2020 - 12:41 GMT

An employee counts money at an exchange office in downtown Cairo (Photo credit: Reuters/Amr Abdallah Dalsh)

An employee counts money at an exchange office in downtown Cairo (Photo credit: Reuters/Amr Abdallah Dalsh)

CAIRO - 30 April 2020: Egypt’s M2 money supply growth accelerated to 14.82 percent year-on-year in March, data from the central bank showed on Thursday.

The money supply stood at LE 4.28 trillion ($272.61 billion) as of the end of March, compared with LE 4.19 trillion at the end of February.

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