Central Bank of Egypt (CBE)
Egyptian pound steady at forex sale, weaker on black market
Business
February 16, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
Yields on Egypt’s T-bills rise at auction on Thursday
Business
February 11, 2016
Yields on Egypt’s T-bills rise at auction on Thursday
Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed. The…
Egyptian pound weakens on black market, steady at official auction
Business
February 11, 2016
Egyptian pound weakens on black market, steady at official auction
The Egyptian pound slipped further on the black market on Thursday, piling more pressure on the central bank to devalue…
Egypt’s central bank receives $900 mln from China under Jan deal
Business
February 8, 2016
Egypt’s central bank receives $900 mln from China under Jan deal
Egypt's central bank has received US$900 million from the China Development Bank under a $1 billion financing agreement signed last…
Egypt to set 2016-17 budget at devalued exchange rate
Business
February 8, 2016
Egypt to set 2016-17 budget at devalued exchange rate
Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of LE8.25 to the dollar, as compared…
Egyptian pound slips further on black market, official rate unchanged
Business
February 7, 2016
Egyptian pound slips further on black market, official rate unchanged
The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to…
Egyptian pound steady at forex sale, stronger on black market
Business
February 2, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but strengthened on the…
Dollar surges against Egyptian pound after cbank raises cap on deposits
Business
January 27, 2016
Dollar surges against Egyptian pound after cbank raises cap on deposits
The dollar surged against the Egyptian pound on the black market on Wednesday, a day after the central bank raised…
Egyptian pound steady at forex sale, weaker on black market
Business
January 26, 2016
Egyptian pound steady at forex sale, weaker on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Tuesday but the…
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
Business
January 26, 2016
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
Egypt's central bank raised the cap on foreign currency deposits to US$250,000 a month for importing food, capital machinery, manufacturing…