Egypt's commercial banks' net foreign assets recorded a surplus of $2.5 billion, compared to a deficit of $1.9 billion in February, for the first time since July 2024.
Net foreign assets of the banking sector, including the Central Bank, rose to $15.04 billion, compared to $10.2 billion, a growth of 47.5 percent, supported by the rise in net assets. The Central Bank of Egypt's net foreign assets rose by approximately $411 million in March, reaching $12.5 billion. Last March witnessed a significant influx of foreign investments in local government debt, reaching $4 billion through the secondary market alone, according to data from the Egyptian Stock Exchange.
Source (Al-Arabiya.net Website, Edited)
