The Central Bank of Egypt (CBE) reported that bank deposits recorded a significant increase of LE 1165 billion since the liberalization of the exchange rate so far, i.e. within two years and three months, where it recorded at the end of November 2016, about LE 2.714 trillion, rising to about LE 3.879 trillion at the end of February 2019.
On the other hand, CBE disclosed that Egypt's total public debt reached LE 4.1 trillion, representing 78.2% of Egypt's GDP, at the end of December 2018.
According to the same source, 85.3% of the public debt is due to the government, 8.3% of it to the general economic bodies, and 6.4% to the National Investment Bank.
The government's net debt balance reached LE 3504 billion at the end of December 2018, an increase of LE 383 billion during the period July-December of the fiscal year 2018-2019.
Source: (Youm 7 Website, Edited)
