Egypt’s M2 money supply up 11.85pc year-on-year in June –

Fawad Maqsood July 31, 2019

CAIRO: Egypt’s M2 money supply rose 11.85% year-on-year in June, data from the central bank showed on Wednesday.

The money supply stood at 3.864 trillion Egyptian pounds ($234 billion) as of the end of June, up from 3.797 trillion pounds a month earlier. M2 rose 11.65% in May.

Copyright Reuters, 2019

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