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CBE raises required reserve ratio from 14% to 18%

CBE raises required reserve ratio from 14% to 18%

The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
CBE withdraws LE100 billion of liquidity for 6th time in a month

CBE withdraws LE100 billion of liquidity for 6th time in a month

Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
US dollar price stabilizes on Wednesday

US dollar price stabilizes on Wednesday

The price of the US dollar stabilized on Wednesday, along with the price of the Saudi riyal, the Emirati dirham,…
Egyptian Federation of Industries official calls for exempting delayed shipments of fines

Egyptian Federation of Industries official calls for exempting delayed shipments of fines

A Member of the Board of Directors of the Federation of Industries, Kamal al-Desouky, demanded that the lingering shipments at…
Why will Egypt mint LE2 coins?

Why will Egypt mint LE2 coins?

The government aims to localize the metal industries with the latest international expertise to transform Egypt into a regional hub…
US dollar price sees significant rise Thursday

US dollar price sees significant rise Thursday

The price of the US dollar, on Thursday, September 15, 2022, recorded a significant rise in the Central Bank of…
Egypt’s cabinet approves issuance of LE2 coin

Egypt’s cabinet approves issuance of LE2 coin

The Cabinet, during its weekly meeting on Wednesday initially approved a proposal to conclude a partnership agreement between the Public…
US dollar price stabilizes in Egypt on Wednesday

US dollar price stabilizes in Egypt on Wednesday

The US dollar exchange rates stabilized in Egyptian banks on Wednesday, September 14, 2022, against the Egyptian pound.   Suez…
CBE warns against cryptocurrency dealings in Egypt

CBE warns against cryptocurrency dealings in Egypt

The Central Bank of Egypt (CBE) is following up the phenomenon of cryptocurrency trading through some regional and international platforms,…
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS

Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS

The Central Agency for Public Mobilization and Statistics announced a decrease in the value of the trade balance deficit to…
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