The Central Financial institution of Egypt (CBE) revealed on Monday that international purchasers’ investments in native treasury payments elevated to the equal of about EGP 157.057bn by the top of June 2022, in comparison with about EGP 150.537bn on the finish of Might 2022 — a rise of EGP 6.5bn.

International investments in native treasury payments additionally recorded their highest degree in June 2021 at about EGP 359.636bn, nonetheless, they declined after that on account of successive world crises and the US Federal Reserve’s resolution to boost rates of interest, falling to their lowest degree in Might at about EGP 150.537bn.

The CBE stated in its month-to-month report that the excellent balances of native treasury payments amounted to about EGP 1.518 trillion on the finish of June 2022, in comparison with about EGP 1.374 trillion on the finish of Might — a rise of about EGP 144bn.

Moreover, the amount of 91-day treasury payments amounted to EGP 264.32bn, 182-day payments about EGP 122.625bn, 273-day payments about EGP 307.114bn, and 364-day payments about EGP 824.599bn.

The CBE added that public sector banks’ investments in treasury payments rose to about EGP 340.102bn on the finish of June 2022, in comparison with EGP 296.312bn on the finish of Might, whereas non-public sector banks’ investments elevated to EGP 364.685bn, in comparison with EGP 305.088bn.

Additionally, the investments of banks specialised in treasury payments recorded about EGP 76.193bn, in comparison with EGP 68.942bn, whereas the investments of international financial institution branches amounted to EGP 61.751bn, in comparison with EGP 50.581bn.

© 2022 Each day Information Egypt. Supplied by SyndiGate Media Inc. (Syndigate.information).