CBE: Cash supply grows by 14.22%, reaching EGP2.707 tn during 8M- 2024

The latest monthly data from the Egyptian Central Bank reveals a 14.22% increase in cash supply by August 2024 end, reaching approximately EGP2.707 tn by the end of August 2024, compared to EGP2.370 tn by the end of December 2023, an increase of EGP 337.035 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.

Note: The aforementioned figures and growth rates are based on monthly data released on the official website of the Egyptian Central Bank