Central Bank of Egypt

US dollar price declines significantly on black market in Egypt
Business

US dollar price declines significantly on black market in Egypt

The exchange rate of the US dollar on the black market in Egypt declined significantly during the past days, losing…
CBE announces Jan 1st official holiday for banks
Egypt

CBE announces Jan 1st official holiday for banks

The Central Bank of Egypt announced in a statement, on Tuesday, that Sunday January 1, 2023, is an official holiday,…
NBE denies issuing savings certificates with a return of 20%
Business

NBE denies issuing savings certificates with a return of 20%

The Chairman of the Board of Directors of the National Bank of Egypt, Hisham Okasha, denied rumors regarding the bank…
CBE cancels fees on bank transfer and mobile wallet
Egypt

CBE cancels fees on bank transfer and mobile wallet

The Board of Directors of the Central Bank of Egypt has chosen to exempt customers dealing with electronic payment and…
CBE restricts misuse of credit and debit cards abroad
Business

CBE restricts misuse of credit and debit cards abroad

The Central Bank of Egypt has instructed banks operating in Egypt to restrict the use of debit and credit cards…
CBE explains reasons for raising interest rates by 300 bps
Egypt

CBE explains reasons for raising interest rates by 300 bps

The Monetary Policy Committee (MPC) decided to raise the Central Bank of Egypt’s (CBE) deposit rate, overnight lending rate, and…
CBE explains reasons for rising interest rates
Business

CBE explains reasons for rising interest rates

The Central Bank of Egypt (CBE) said that raising the interest rate that went up by three percent came after…
US dollar price stabilizes on Wednesday in Egypt ahead CBE meeting
Business

US dollar price stabilizes on Wednesday in Egypt ahead CBE meeting

On Wednesday, December 21, the price of the US dollar stabilized against the Egyptian pound. This happened in most banks…
US dollar price in Egypt on Tuesday morning
Business

US dollar price in Egypt on Tuesday morning

Search for the price of the US dollar against the Egyptian pound increased on Google search engine, especially after the…
Egypt announces compulsory pricing of about 15 basic commodities
Egypt

Egypt announces compulsory pricing of about 15 basic commodities

Assistant Minister of Supply and Internal Trade in Egypt Ibrahim Ashmawy announced the compulsory pricing of about 15 strategic and…
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