C.Bank settles Egypt’s obligations of $7.154 billion in Q2-2023

Local Media

The Central Bank of Egypt (CBE), on behalf of the Egyptian government, paid about US$7.154 billion by the end of the second quarter of 2022/2023, representing installments and interests for outstanding debts.

The CBE’s statistical bulletin showed that the debt burden service was divided into paid installments of $5.843 billion, and paid interest of $1.311 billion.

From July to December 2022 the value of paid interest and installments amounted to $11.9 billion, divided into $4.784 billion during the first quarter and $7.154 billion during the second quarter.

The premiums paid during the fiscal year 2021/2022 amounted to about $21.7 billion, and the paid interest amounted to about $4.570 billion.

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