NO. 29


Financial and Banking News

Regional Banking

Egypt Grapples with Money Supply

The growth in Egypt's money supply remained steady in 1988/89 (the year to 30June 1989) and in some areas was less than that recorded in the previousfinancial year. The picture is complicated by the need to take account ofchanges in exchange rates when considering the size of foreign currencydeposits, but figures published in the Central Bank of Egypt's 1988/89 AnnualReport indicate that...