The total domestic credit required by the government increased, recording EGP 5.6 trillion last March, compared to EGP 5.5 trillion in February of the same year, and compared to EGP 5.33 trillion in January 2023, according to the Central Bank.
According to reports issued by the Central Bank of Egypt, the volume of securities last March within the credit required from the government amounted to about EGP 5.63 trillion in March, compared to EGP 5.54 trillion in February of the same year, and compared to EGP 5.44 trillion in January 2023.
Total lending and discounting reached about EGP 2.1 trillion last March, compared to EGP 2.09 trillion in February of the same year, and compared to EGP 2.04 trillion in January 2023.
The Central Bank announces domestic credit to the public sector
The total demand from the public sector within the local credit amounted to about EGP 164.1 billion last March, compared to EGP 165.4 billion in February 2023, and compared to EGP 165.3 billion in January 2023.
The volume of private sector liabilities for securities, lending, and discount items amounted to about EGP 1.82 trillion in March, compared to EGP 1.8 trillion in February 2023, and compared to EGP 1.77 trillion in January 2023.
150% increase in the value of mobile wallet transactions in June
Ehab Nasr, assistant deputy governor of the Central Bank of Egypt for the banking operations and payment systems sector, said that the value of financial transactions that took place using mobile phone wallets increased by 150% during June 2023 compared to the same month in 2022.
During his participation last week in the Seamless North Africa 2023 conference organized by the Central Bank for the third time, he explained that the number of monthly transactions for mobile phone wallets rose during June 2023 to about 85 million transactions, with total transaction values exceeding 100 billion pounds.
He added that the number of mobile phone wallets rose to about 33 million electronic wallets by the end of last June.
The number of rapid response codes has also increased to about 740,000, according to the Assistant Deputy Governor of the Central Bank of Egypt for the Banking Operations and Payment Systems Sector.
