In 2023, Real-Time Gross Settlement (RTGS) transaction values in Egypt jumped to around 172.8 trillion Egyptian pounds (3.61 trillion U.S. dollars). Since the Central Bank of Egypt introduced the RTGS in 2009, funds moved using RTGS have been generally increasing yearly. The only three years with a drop in fund transfers were 2011, 2012, and 2021. The first two years coincide with the mass mobilization starting in 2011 against the previous president Mohamed Hosny Mubarak. While the latter, was during the coronavirus (COVID-19) pandemic.
* Real-Time Gross Settlement (RTGS) started on March 15, 2009.Â
** Data as of March 2024.
Currency conversion on 24/04/2024.
Real-Time Gross Settlement Systems enables the transfer of large value funds between banks under a unified payment system in a country. RTGS transactions are processed on a case by case basis and in real-time.
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Central Bank of Egypt. (April 7, 2024). Annual value of Real Time Gross Settlement transactions across Egypt from 2009 to 2024 (in billions) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1463012/egypt-rtgs-usage-by-volume/
Central Bank of Egypt. "Annual value of Real Time Gross Settlement transactions across Egypt from 2009 to 2024 (in billions)." Chart. April 7, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1463012/egypt-rtgs-usage-by-volume/
Central Bank of Egypt. (2024). Annual value of Real Time Gross Settlement transactions across Egypt from 2009 to 2024 (in billions). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1463012/egypt-rtgs-usage-by-volume/
Central Bank of Egypt. "Annual Value of Real Time Gross Settlement Transactions across Egypt from 2009 to 2024 (in Billions)." Statista, Statista Inc., 7 Apr 2024, https://www.statista.com/statistics/1463012/egypt-rtgs-usage-by-volume/
Central Bank of Egypt, Annual value of Real Time Gross Settlement transactions across Egypt from 2009 to 2024 (in billions) Statista, https://www.statista.com/statistics/1463012/egypt-rtgs-usage-by-volume/ (last visited December 21, 2024)
Annual value of Real Time Gross Settlement transactions across Egypt from 2009 to 2024 (in billions) [Graph], Central Bank of Egypt, April 7, 2024. [Online]. Available: https://www.statista.com/statistics/1463012/egypt-rtgs-usage-by-volume/
