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Egypt’s Q1 current account deficit at $4 bln vs $1.6 bln

The overall balance of payment deficit reached $3.7 billion

Published: Updated:

Egypt’s current account deficit widened to $4 billion in the first quarter of the financial year 2015/16 compared with a deficit of $1.6 billion in the same period a year earlier, the central bank said in a statement on Wednesday.

The overall balance of payment deficit reached $3.7 billion, compared with a surplus of $410 million in the same quarter a year earlier, the statement said.