Egypt’s account deficit fell to $ 3.8 billion in the October-December quarter from $ 4.85 billion in the same period last year, boosting tourism shortages, the central bank said in a statement on Thursday.The figures also show a sharp investment in the portfolio, which fell short of $ 6.1 billion from $ 3.5 billion last year.
Trade deficits
Trade deficits have grown to $ 10.7 billion from $ 10.5 billion. Tourism receipts jumped to $ 3.0 billion from $ 987 million in October-December 2020 as travel recovers from the impact of COVID-19.Remuneration from Egyptian overseas workers fell to $ 7.43 billion in October-December from $ 7.49 billion last year, while earnings from the Suez Canal increased to $ 1.69 from $ 1.52 billion. said the big bank.
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