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Central Bank: 181% increase in financial inclusion rates in Egypt over 8 years
8/22/2024

The Central Bank of Egypt revealed the main indicators of financial inclusion until June 2024, which showed an increase in the number of citizens who own a financial transaction account - whether in banks, the Egyptian Post, mobile phone wallets, or prepaid cards - to 48.1 million citizens out of a total of 67.3 million citizens in the age group (16 years and above) who are entitled to open accounts, equivalent to 71.5%, compared to about 70.7% in December 2023.

It is worth noting that financial inclusion rates in Egypt increased during the period from 2016 to June 2024 by 181%, which reflects the increased benefit of citizens from financial services, and the main indicators of financial inclusion contribute effectively to monitoring the development of financial inclusion rates, which contributes to setting policies that support achieving sustainable development and economic empowerment of citizens in line with Egypt's vision.

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