Egypt balance of payments posts USD2.6bn grow


(MENAFN) Egypt proclaimed that the Balance of Payments (BOP) recorded a deficit of almost USD2.6bn in the Jan-Sep period of this financial year 2015/16.

In details, the balance of services addresses the country's receipts coming from the services like tourism and transport, while the balance of goods includes grants.

Additionally, the trade balance recorded a deficit of almost USD29.3bn, compared to USD29.7bn in the same period in FY 2014/15.

However, merchandise exports proceeds declined, reaching at nearly USD13.4bn, compared to almost USD17bn in the same nine months in the last FY.


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