CBE

Egypt’s current account deficit reaches US$7.6 bn in December 2020: CBE
Economy

Egypt’s current account deficit reaches US$7.6 bn in December 2020: CBE

Egypt’s current account deficit rose to US$7.6 billion from July to December 2020 from $4.6 billion a year ago, the…
Egypt’s foreign reserves continue to recover, rise to $US40.1007 bn in January: CBE
Business

Egypt’s foreign reserves continue to recover, rise to $US40.1007 bn in January: CBE

The Central Bank of Egypt announced, on Wednesday, that its net foreign reserves increased to US$40.1007 billion at the end…
CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000
Business

CBE: Local currency limit for passengers entering and exiting Egypt remains at LE5,000

The Central Bank of Egypt (CBE) on Thursday maintained the maximum limit of banknotes travelers allowed to carry while entering…
US dollar exchange rate stabilizes in Egyptian banks
Economy

US dollar exchange rate stabilizes in Egyptian banks

The exchange rate of the US dollar against the Egyptian pound stabilized on Monday in Egyptian banks, compared with Sunday’s…
Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative
Business

Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative

The Central Bank of Egypt (CBE) on Sunday decided to expand the base of beneficiaries for its LE100 billion stimulus…
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
Business

CBE to cancel LE10 bn worth of debt owed by 940,000 customers

The Central Bank of Egypt will cancel around LE 10 billion in debt owed to banks by 940,000 customers, as…
CBE to issue environmentally friendly polymer banknotes
Business

CBE to issue environmentally friendly polymer banknotes

The Central Bank of Egypt will begin printing environmentally-friendly currency made of polymer upon relocation to its new headquarters in…
Egypt’s exports expect to hit $200bn in 2030: CBE deputy governor
Business

Egypt’s exports expect to hit $200bn in 2030: CBE deputy governor

Egypt’s imports are expected to reach about US$150 billion in 2030, and exports to reach US$200 billion, the Deputy Governor…
Net foreign reserves rise to US$45.247 bn in October
Economy

Net foreign reserves rise to US$45.247 bn in October

The value of Egypt’s net foreign reserves rose to US$45.247 billion in October from $45.118 billion in September, the Central…
US dollar price further declines in local banks
Economy

US dollar price further declines in local banks

The dollar exchange rate fell to its lowest level in recent years at the end of the Thursday trading session…
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