For an additional year .. Kuwait extends the two billion dollar deposit at the Central Bank of Egypt

Kuwait has extended a deposit worth two billion dollars at the Central Bank of Egypt for an additional year, after it was scheduled to mature in September 2024.

According to historical data from the Central Bank, this extension is not the first of its kind; Kuwait renewed another deposit earlier this year that was due in April 2024, to be postponed until April 2025.

This comes within the context of financial relations between the two countries, where the "External Position Report" issued quarterly by the Central Bank of Egypt is a key reference for analyzing Egypt's economic transactions with the world, and includes data on the balance of payments, flows of goods and services and investments, in addition to the international investment position and the net assets and liabilities of the state, as well as the size of external debt and its sustainability level.