The Kingdom of Saudi Arabia announced yesterday, Sunday, the return of 3 billion dollars to the treasury of the Central Bank of Egypt, after it was paid last July.
The Saudi Ministry of Finance said it recently made a $3 billion deposit to the Central Bank of Egypt, in addition to extending previous deposits by $2.3 billion.
The ministry added, in a statement yesterday, that the Kingdom is using the available tools to provide support to deal with the effects of the Corona virus (Covid-19), including supporting liquidity from foreign exchange.
According to the figures announced by the Saudi Ministry of Finance, the total Saudi deposits with the Central Bank are $5.3 billion.
According to CBE figures, Saudi deposits amounted to $5.5 billion last March, down from $7.7 billion in March 2020.
According to the external debt repayment schedule in the report on the external situation of the Egyptian economy, Egypt had to repay $500 million during the period from May 12, 2021 to November 12, 2021, as well as $2 billion in two installments, the first on April 22, 2021 and the other on April 22, 2022, and it was scheduled to pay $3 billion as a Saudi deposit by July 1.
