Egypt pays $6.3 billion of its debts

The Central Bank of Egypt revealed the payment of interest and foreign debt installments amounting to $6.26 billion during the last quarter of the fiscal year 2021/2022.

The Central Bank of Egypt said that debt service burdens are divided into paid installments of $5.052 billion, and paid interest of $1.211 billion.

The Central Bank of Egypt stated in the monthly statistical bulletin that the payment of installments and interests amounted to $26.2 billion during the period from July 2021 to the end of June 2022, and the paid installments during the last fiscal year amounted to about $21.7 billion, and the paid interest amounted to about $4.570 billion.

The Central Bank of Egypt bulletin indicated that the ratio of the external debt balance to the gross domestic product; It amounted to about 32.5% at the end of June 2022, and it is within safe limits according to international standards. Monitoring external debt amounted to about $155.7 billion at the end of June, compared to about $157.8 billion at the end of March 2022, a decline of about $2.1 billion.

The Central Bank of Egypt indicated that total investments in treasury bills increased to 1.71 trillion pounds at the end of September 2022, compared to 1.62 trillion pounds at the end of last August.

Foreign investments in treasury bills declined to 131.51 billion pounds at the end of last September, compared to 132.79 billion pounds at the end of last August, and the investments of specialized banks rose to 107.84 billion pounds at the end of last August, compared to 78.49 billion pounds at the end of last July.

The investments of private sector banks in treasury bills declined to 392.71 billion pounds at the end of last September, compared to 414.29 billion pounds at the end of last August, and the investments of public sector banks rose to 409.26 billion pounds at the end of last September, compared to 338.79 billion pounds at the end of last August.

Investments of foreign bank branches in treasury bills declined to 68.22 billion pounds at the end of last September, compared to 70.131 billion pounds at the end of last August.