June 30, 2020 / 3:07 PM / a month ago

Egypt's M2 money supply up 17.24% year-on-year in May- c.bank

CAIRO, June 30 (Reuters) - Egypt’s M2 money supply growth accelerated to 17.24% year-on-year in May, according to central bank data published on Tuesday.

The money supply stood at 4.45 trillion Egyptian pounds ($276.6 billion). Year-on-year money supply growth in April was 15.62%. ($1 = 16.0900 Egyptian pounds) (Reporting by Nadine Awadalla Writing by Aidan Lewis; Editing by Kevin Liffey)

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