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Egypt's current account deficit at $4.98 billion in Q1 2016/17
December 29, 2016 / 8:15 PM / a year ago

Egypt's current account deficit at $4.98 billion in Q1 2016/17

CAIRO, Dec 29 (Reuters) - Egypt’s current account deficit widened to $4.98 billion in the first quarter of the 2016/17 financial year from a deficit of $4.0 billion in the same period a year earlier, the central bank said in a statement on Thursday.

The overall balance of payments was in surplus to the tune of $1.9 billion compared to a deficit of $3.7 billion in the same period a year earlier, the statement said. (Reporting by Amina Ismail; Editing by Kevin Liffey)

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