According to a report by agency, cover samsung plus 2 that the cover samsung galaxy s4 miniinthebox net foreign assets of the Egyptian banks had decreased by 45% on a monthly basis in March to reach 196.66 billion pounds, cover samsung 2 from 358.78 billion pounds last cover samsung cover iphone 7 plus a specchio a3 iphone 5c black cover 2016 3d February, according to the data of the Central Bank cover samsung edge 6 of Egypt.
The decline, which amounted cover iphone ancora to about 162.12 billion pounds, came after the repercussions of the pandemic led to an influx of capital outside Egypt and other aliexpress cover samsung a3 2015 emerging markets, which led to investors withdrawing $ 83 billion from emerging markets. Net liabilities of commercial banks increased by 15.60 billion pounds on a monthly basis in March, to reach 251.36 billion pounds, according to the Enterprise Bulletin.
And in the middle book cover samsung tab s 10.5 of last month, the Egyptian Minister of Finance, Mohamed Moait, said cover samsung cover iphone 6 per coppie galaxy j3 juventus that foreign investments in Egyptian debt instruments fell by about 40%, to record 13.5 14 billion dollars, cover samsung s5 swarovski after they were about 24 billion before the crisis cover samsung s4 star wars of Foreign cover samsung galaxy s5 mini glitter exchange reserves fell in March by $ 5.4 billion, the central bank used part of it to cover the decline in foreign investment and international portfolios.
Ziad Daoud, chief economist for the Middle East at Bloomberg Economics, said it was logical that commercial banks intervened to offset massive inflows, which the foreign exchange’s decline was not large enough to offset.
According to the report, Ahmed Hafez, head of the Middle East cover baymax iphone 5 and North Africa Research division at Renaissance Capital, said: is no exaggeration of concern. We attended the post sale crisis in emerging markets in 2018, and we recovered well. July 2018, the financial crisis that ravaged emerging markets transformed cover samsung grand prime animali the net foreign assets of Egyptian commercial banks into negative, and the difference between net assets and liabilities continued to widen at commercial banks until January 2019, until the gap was eventually closed by the next February, according to data central bank.
The request for urgent financing from the International Monetary Fund is expected to boost investor confidence. However, until now the Egyptian government has not disclosed the size of foto su cover iphone 5 the funding that Egypt requested from the fund under the program of the rapid financing tool and cover samsung galaxy j3 2017 ebay another financing package according to the instrument of credit preparedness agreement…