15 Oct 2021 01:39AM
(Updated: 15 Oct 2021 01:35AM)
CAIRO : Egypt’s current account deficit widened to US$18.4 billion in the financial year 2020-21 from US$11.2 billion in the previous year as tourism revenues plunged more than 50 percent, according to central bank figures released on Thursday.
Tourism revenues dropped by 50.7per cent to US$4.9 billion over the financial year as the coronavirus pandemic sharply reduced international travel, down from US$9.9 billion in 2019-20, the central bank said as it released it latest balance of payments data.
(Reporting by Ahmad Elhamy)