NO. 33


Financial and Banking News

Budgets & Revenues

Egyptian Balance of Payments Surplus Augurs Well for Future

Egypt had a balance of payments surplus in the financial year 1990/91 (whichended on 30 June 1991) due to a sharp reduction in the trade deficit and anincrease in official transfers. Preliminary figures released by the Central Bankof Egypt show that receipts in the trade account rose by 16.5% in 1990/91, whileimports were kept almost static. Merchandise exports...