BOP
According to the statement, the current account during the period from July to the end of last March amounted to about $13.5 billion.
The current account deficit witnessed an improvement of 27.2 percent, compared to the preceding quarter (April/June 2020) to post $ 2.8 billion (against US$ 3.8 billion).
CBE noted in a report that the current account reached a deficit of $11.2 billion, compared to a$10.9 billion in FY 2018/2019 and $6 billion in FY 2017/2018.
The June BOP became $3.3 billion instead of $3.61 billion.
The current account deficit retreated by $ 684.4 million or 13 percent, to register $4.6 billion.
The current account deficit narrowed by $ 629.8 million to $ 1.4 billion (compared to $ 2.0 billion), mainly due to the decline in the non-oil trade deficit and the increase in current transfers.
CBE attributed the surplus to the current account deficit which stabilized at $1.8 billion and the capital and financial account that stood at $1.6 billion.
A bipartisan bill to reform the federal prison system by helping inmates prepare for life after their release and reduce recidivism rates.
Non-petroleum exports hiked 15.9 percent year-on-year in that period to stand at $21.7 billion.
Egypt’s balance of payments (BOP) registered a surplus $11 billion in first three quarters of the current fiscal year, the central bank said Wednesday.
