The report also highlights a reduction in Egypt's total external debt, which declined by $7.7 billion during Q2 2024, settling at $152.9 billion in June, down from $160.6 billion in March.
According to the report, the deposit, initially due in April 2024, has been extended to April 2025.
This move follows a similar operation last week, where the central bank withdrew EGP 1.135 trillion.
The PAPSS, developed by the African Export-Import Bank, facilitates cross-border payments and trade transactions, reducing both costs and processing times
This includes EGP 5 billion in two-year bonds, EGP 12 billion in three-year bonds, and EGP 2 billion in five-year floating-rate bonds.
