Egypt’s current account deficit narrows in July-Sept quarter -c.bank

Last year the central bank had put the July-September 2017 figure at $1.64 billion. (File photo: Reuters)
Updated 10 January 2019
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Egypt’s current account deficit narrows in July-Sept quarter -c.bank

  • Last year the central bank had put the July-September 2017 figure at $1.64 billion

CAIRO: Egypt’s current account deficit narrowed to $1.751 billion in the three months to end-September, the central bank said on Thursday, from an apparently revised $1.754 billion a year earlier.
Last year the central bank had put the July-September 2017 figure at $1.64 billion.
Remittances from workers abroad rose to $5.91 billion from $5.82 billion while the trade deficit increased to $9.90 billion from $8.91 billion.