Central Bank of Egypt (CBE)
CBE solves dollar crisis for companies with short position at US$5 mn
Egypt
February 21, 2017
CBE solves dollar crisis for companies with short position at US$5 mn
Central Bank of Egypt governor (CBE) Tarek Amer approved an agreement with investors to restructure their debts owed to banks…
Egypt says foreigners will be able to repatriate profits soon -MENA
Business
January 14, 2017
Egypt says foreigners will be able to repatriate profits soon -MENA
Egypt's Central Bank Governor Tarek Amer said on Friday that foreign investors would be able to repatriate profits and capital…
Egypt received inflows of $1 billion in month since currency float: central bank
Business
December 11, 2016
Egypt received inflows of $1 billion in month since currency float: central bank
Egypt's central bank governor Tarek Amer said on Saturday the country had received inflows of around $1 billion in the…
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt
December 6, 2016
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt's foreign reserves have increased to US$23.058 billion at the end of November from $19.041 billion a month earlier, the…
China signs 3-yr 18 bln yuan bilateral currency swap with Egypt cenbank
Egypt
December 6, 2016
China signs 3-yr 18 bln yuan bilateral currency swap with Egypt cenbank
China's central bank has signed an 18 billion yuan ($2.62 billion) three-year bilateral currency swap with Egypt's central bank, the…
Yields rise on Egypt’s three, nine-month t-bills in weekly auction
Egypt
December 4, 2016
Yields rise on Egypt’s three, nine-month t-bills in weekly auction
Yields on Egypt's three- and nine-month Treasury bills rose at an auction on Sunday, central bank data showed. Yields on the…
Egypt to issue US$1.6 bln 1-year Treasury Bill – Central Bank
Business
November 20, 2016
Egypt to issue US$1.6 bln 1-year Treasury Bill – Central Bank
Egypt will issue a US$1.6 billion one-year Treasury Bill, the central bank said on Sunday. It said the settlement date for…
US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor
Business
November 17, 2016
US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor
The official US dollar inflows have improved, two weeks after the Central Bank of Egypt (CBE)'s decision to float the…
Egyptian central bank floats pound, devaluing to LE13 per dollar
Business
November 3, 2016
Egyptian central bank floats pound, devaluing to LE13 per dollar
Egypt's central bank floated the pound on Thursday, devaluing by 47.7 percent to an initial guidance level of 13 pounds…
US dollar hits LE18 on black market as govt mulls official devaluation
Business
October 31, 2016
US dollar hits LE18 on black market as govt mulls official devaluation
The US dollar continued its steep rise on Egypt's black market on Sunday, breaking the LE18 barrier for the first…