{"id":31871,"date":"2023-05-03T06:00:13","date_gmt":"2023-05-03T06:00:13","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/egypts-current-account-moves\/"},"modified":"2023-05-03T06:00:46","modified_gmt":"2023-05-03T06:00:46","slug":"egypts-current-account-moves","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/egypts-current-account-moves\/","title":{"rendered":"Egypt’s current account moves into surplus in Oct-Dec"},"content":{"rendered":"

CAIRO (Reuters) – Egypt’s current account turned a surplus for the first time in years in the October-to-December quarter as imports dropped and exports rose, the central bank said in a statement on Wednesday. <\/p>\n

Egypt imposed import restrictions during most of 2022 and continues to suffer an acute shortage of foreign currency. <\/p>\n

The current account registered a surplus of $1.41 billion dollars compared to deficits of $3.19 billion in July to September and $3.8 billion in Oct-Dec 2021. <\/p>\n

Imports fell to $17.99 billion from $19.07 billion in July-September and $22.48 billion a year earlier, while exports rose to $11.54 billion from $9.97 billion in July-September. Exports in October-December in 2021 were $11.83 billion. <\/p>\n

Tourism and Suez Canal revenue also rose during the quarter from the previous year.<\/p>\n

\n

(Reporting by Enas Alashray and Alaa Swilam; Writing by Patrick Werr; Editing by Shri Navaratnam)<\/p>\n

\"tagreuters.com2023binary_LYNXMPEJ4204T-VIEWIMAGE\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CAIRO (Reuters) – Egypt’s current account turned a surplus for the first time in years in the October-to-December quarter as imports dropped and exports rose, the central bank said in a statement on Wednesday. Egypt imposed import restrictions during most of 2022 and continues to suffer an acute shortage of foreign currency. The current account […]<\/p>\n","protected":false},"author":8,"featured_media":31872,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-31871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ4204T-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=31871"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31871\/revisions"}],"predecessor-version":[{"id":31873,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31871\/revisions\/31873"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/31872"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=31871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=31871"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=31871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}