CBE

US dollar price exceeds LE24 in Egypt
Economy

US dollar price exceeds LE24 in Egypt

The price of the US dollar rose on Sunday evening to reach its highest level in 2022 so far breaking…
CBE governor answers why interest rates were raised for the first time in 5 months
Economy

CBE governor answers why interest rates were raised for the first time in 5 months

On Thursday morning, the Central Bank of Egypt announced a package of exceptional decisions related to withdrawal and deposit limits…
US dollar prices decline in Egypt Tuesday
Business

US dollar prices decline in Egypt Tuesday

On Tuesday, the price of the US dollar witnessed a decline at the end of the day against the Egyptian…
US dollar stabilizes on Friday
Business

US dollar stabilizes on Friday

The price of the US dollar stabilized against the Egyptian pound, on Friday, to record an average exchange rate of…
CBE warns against cryptocurrency dealings in Egypt
Business

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,…
Net foreign reserves record $33.141 bln at end of August
Economy

Net foreign reserves record $33.141 bln at end of August

The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Economists explain recent CBE decision on cash deposit, withdrawal limits
Business

Economists explain recent CBE decision on cash deposit, withdrawal limits

The Central Bank of Egypt’s decision to cancel the maximum deposit limit and increase the maximum daily withdrawal limit from…
CBE raises maximum withdrawal limit from bank branches to LE150,000
Business

CBE raises maximum withdrawal limit from bank branches to LE150,000

Central Bank of Egypt (CBE) raised the maximum daily withdrawal limit for individuals and companies from bank branches from LE50,000…
Senior economist expects IMF loan to Egypt to be approved soon
Business

Senior economist expects IMF loan to Egypt to be approved soon

Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…
Sisi appoints Hassan Abdullah as acting governor of CBE
Business

Sisi appoints Hassan Abdullah as acting governor of CBE

President Abdel Fattah al-Sisi issued a decree appointing Hassan Abdullah, Chairman of the Board of Directors of the United Company,…
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