This marks the lowest surplus since May, when the country shifted from a deficit to a surplus for the first time in over two years
The CBE’s last directive regarding non-essential imports was issued in August, after which the arrangement of dollars for these goods was halted.
This marks the fifth consecutive month of surplus for the banking sector after it shifted from deficit to the green in May for the first time since February 2022
Currently, Middle East Rating & Investor Service (MERIS) stands as Egypt's sole credit rating agency. MERIS is a joint venture between Moody’s and Finance and Banking Consultants International (FinBi).
The largest surge of inflows, approximately $40.5 billion, was recorded in the second half of the fiscal year, mainly due to the execution of the Ras El Hekma agreement valued at $35 billion
