Central Bank of Egypt (CBE)
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…
External debt rose by 16% in 2015-2016: CBE
Egypt
October 26, 2016
External debt rose by 16% in 2015-2016: CBE
The Central Bank of Egypt (CBE) said on Wednesday that external debt rose by $7.7 billion by the end of…
Egyptian pound steady in regular dollar sale, weaker on black market
Business
October 11, 2016
Egyptian pound steady in regular dollar sale, weaker on black market
Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of foreign currency, but the…
CBE announces $3 bn rise in net foreign reserves on last month
Business
October 3, 2016
CBE announces $3 bn rise in net foreign reserves on last month
The Central Bank of Egypt (CBE) has announced a US$3 billion increase in net foreign reserves in late September compared…
Dollar price climbs on black market after rumors of partial floatation of pound
Business
October 1, 2016
Dollar price climbs on black market after rumors of partial floatation of pound
The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
Business
September 23, 2016
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
In a report published on Wednesday, the Central Bank announced that revenues from Suez Canal traffic decreased by 4.5 percent…
CBE reports net outflow in Egypt’s travel balance
Business
September 21, 2016
CBE reports net outflow in Egypt’s travel balance
Egypt's travel payments rose from US$3.3 billion to $4.1 billion in the fiscal year 2015/2016, creating a net outflow in…
Egypt foreign reserves rise to $16.564 bln end-august: CBE
Business
September 5, 2016
Egypt foreign reserves rise to $16.564 bln end-august: CBE
Egypt's net foreign reserves rose to US$16.564 billion at the end of August, the Central Bank of Egypt (CBE) said…
Egypt sets jail as punishment for black market forex trading
Business
August 10, 2016
Egypt sets jail as punishment for black market forex trading
Egypt's parliament on Tuesday set prison sentences of between three and 10 years in jail and fines of up to…