VOL. XXXVIII

NO. 38

19-JUNE-1995

Financial and Banking News

Public Finance

Egyptian Trade Deficit Widens

Further questions are likely to be asked as to the strength of the Egyptianpound after it was revealed that Egypt's reported trade deficit deterioratedsharply last year. The deficit rose from Eœ16.955bn ($4.99bn) in 1993 toEœ20.536bn ($6.04bn), a rise of 21%. Although exports for 1994 grew 13% toEœ11.924bn from Eœ10.595bn the previous year, imports rose 18% to Eœ32.460bn,compared to Eœ27.550bn...