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...