VOL. XXXVII
NO. 21
21-FEBRUARY-1994
Financial and Banking News
Economic Indicators
Monetary Developments
During 1992-93 domestic liquidity increased by 16.4% to Eœ121.8bn ($36.6bn),but the financial authorities were able to mop up most of this through issuingtreasury bills. As a result, inflationary pressure was contained. The increasein liquidity came not only from the repatriation of funds previously heldabroad, but also from the conversion of existing foreign currency deposits intoEgyptian...
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