Egypt’s balance of payments (BoP) registered a surplus of $1.8 billion during the first nine months of the fiscal year (FY) 2020/2021, according to a recent report by the Central Bank of Egypt.
During the corresponding period in FY19/20, the country’s BoP recorded a deficit of $5.1 billion due to the coronavirus (COVID-19) crisis.
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The report showed that the current account deficit widened to $13.3 billion in the nine-month period ended 31 March, compared to $7.3 billion in the prior-year period.
