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

In this Tuesday, Feb. 3, 2015 photo, stray dogs gather in front of the Pyramids of Giza on the outskirts of Cairo, Egypt. (AP)

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.

Last Update: Wednesday, 20 May 2020 KSA 09:49 - GMT 06:49