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Central Bank Explains Money Supply Rise
The Central Bank of Egypt revealed that the money supply in the local market increased by 17.5% year-on-year in July 2026, reaching 15.49 trillion Egyptian pounds compared to 13.18 trillion pounds during the same period last year, an increase of 2.31 trillion pounds. Additionally, monetary liquidity rose by 19.6% by the end of May 2026, amounting to 15.33 trillion pounds compared to 12.82 trillion pounds for the same period in 2025. Banking expert Magid Fahmy explained that these increases reflect a growth in deposit volumes and circulating liquidity within the banking system, and that the money supply consists of cash outside the banking system, demand deposits, and savings deposits.
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