Cash supply jumps by 36%, reaching EGP 2.37 tn by 2023 End
First Bank
The latest monthly data from the Egyptian Central Bank reveals cash supply surged by 36% by end of 2023, reaching approximately EGP2.370 tn by the end of December 2023, compared to EGP1.74 tn by the end of December 2022, an increase of EGP 630.535 bn.
Cash supply is the primary tool through which CBE influences inflation rates. A rise and rapid growth in cash supply enhance overall demand and consequently inflation, while a decrease in cash supply or a decline in its growth helps control overall demand and relative price levels.
Domestic liquidity in the Egyptian banking sector increased by 19.92% during the last year, reaching EGP 8.88 tn by the end of 2023, compared to EGP7.40 tn by the end of 2022, With an increase of EGP 1.47 tn.
