As of 2023, Egyptian check (cheque) transactions amounted to over 2.78 trillion Egyptian pounds (around 57.3 billion U.S. dollars). In the first three months of 2024, around 850.1 billion Egyptian pounds (17.5 billion U.S. dollars) have been transferred between parties, a value exceeding the annual value of checks in 2013. Since 2009, check transactions have been increasing exponentially, dropping only in 2019.
On the other hand, the volume of check transactions dropped in 2023 in comparison to 2022, indicating that the checks paid out included higher values. This could also be a result of the Egyptian currency devaluation.
Total value of check (cheque) transactions in Egypt from 2009 to 2024
(in billion Egyptian pound)
Characteristic
Value of check payments (in bilion Egyptian pound)
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Central Bank of Egypt. (April 1, 2024). Total value of check (cheque) transactions in Egypt from 2009 to 2024 (in billion Egyptian pound) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1461731/value-of-checks-cheques-payment-egypt/
Central Bank of Egypt. "Total value of check (cheque) transactions in Egypt from 2009 to 2024 (in billion Egyptian pound)." Chart. April 1, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1461731/value-of-checks-cheques-payment-egypt/
Central Bank of Egypt. (2024). Total value of check (cheque) transactions in Egypt from 2009 to 2024 (in billion Egyptian pound). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1461731/value-of-checks-cheques-payment-egypt/
Central Bank of Egypt. "Total Value of Check (Cheque) Transactions in Egypt from 2009 to 2024 (in Billion Egyptian Pound)." Statista, Statista Inc., 1 Apr 2024, https://www.statista.com/statistics/1461731/value-of-checks-cheques-payment-egypt/
Central Bank of Egypt, Total value of check (cheque) transactions in Egypt from 2009 to 2024 (in billion Egyptian pound) Statista, https://www.statista.com/statistics/1461731/value-of-checks-cheques-payment-egypt/ (last visited December 21, 2024)
Total value of check (cheque) transactions in Egypt from 2009 to 2024 (in billion Egyptian pound) [Graph], Central Bank of Egypt, April 1, 2024. [Online]. Available: https://www.statista.com/statistics/1461731/value-of-checks-cheques-payment-egypt/
