central bank

Egypt starts currency auctions, says reserves critical
Business

Egypt starts currency auctions, says reserves critical

Egypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which…
Is the Central Bank’s independence on the line?
Business

Is the Central Bank’s independence on the line?

The Central Bank of Egypt has been making headlines recently, not least of which due to the dire state of…
Central Bank governor denies resignation
Egypt

Central Bank governor denies resignation

Central Bank of Egypt Governor Farouk al-Oqda denied on Sunday that he had submitted his resignation, and said he is…
Central Bank governor resigns, Cabinet disputes announcement
Egypt

Central Bank governor resigns, Cabinet disputes announcement

Central Bank of Egypt Governor Farouk al-Oqda has resigned from his position, sources from the president's office reported Saturday. The…
Imminent decree to give Morsy more power over Central Bank
Business

Imminent decree to give Morsy more power over Central Bank

President Mohamed Morsy will issue a decree within days that would give him more power over Egypt’s Central Bank, according…
Central Bank denies transferring funds to Morsy’s son
Egypt

Central Bank denies transferring funds to Morsy’s son

The Central Bank of Egypt filed a claim with the public prosecutor's office Tuesday against a newly-founded daily newspaper that…
Pound weakens to near 8-year low as IMF talks resume
Business

Pound weakens to near 8-year low as IMF talks resume

The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Central Bank denies governor’s referral to Illicit Gains Authority
Egypt

Central Bank denies governor’s referral to Illicit Gains Authority

The Central Bank denied on Tuesday a report that Central Bank Governor Farouk al-Oqda had been referred to the Illicit…
Central Bank happy with value of pound: official
Business

Central Bank happy with value of pound: official

Egypt's central bank is comfortable with the current value of the Egyptian pound and is not targeting any particular rate…
Egypt public debt reaches record LE1.386 trillion
Business

Egypt public debt reaches record LE1.386 trillion

Domestic public debt in Egypt has reached an unprecedented LE1.386 trillion according to Finance Ministry indices based on a report…
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