Central Bank of Egypt (CBE)
Egypt’s central bank says not time to float pound, devaluation depends on timing
Business
July 21, 2016
Egypt’s central bank says not time to float pound, devaluation depends on timing
Egypt's central bank governor said on Wednesday that the time was not right to float the Egyptian pound, which has…
Central bank to keep pound stable at forex auction amid devaluation talk
Business
July 12, 2016
Central bank to keep pound stable at forex auction amid devaluation talk
Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction…
Egypt surges on expectations of currency devaluation
Business
July 5, 2016
Egypt surges on expectations of currency devaluation
Cairo's main stock index rose 2.9 percent on Monday on expectations of a further currency devaluation this fiscal year, while…
No change to debit card usage rules abroad: CBE governor
Business
June 30, 2016
No change to debit card usage rules abroad: CBE governor
Tarek Amer, governor of the Central Bank of Egypt (CBE), said on Thursday that there was no change to the…
Egyptian central bank keeps key interest rates unchanged
Business
April 29, 2016
Egyptian central bank keeps key interest rates unchanged
Egypt's central bank kept its key interest rates unchanged on Thursday in its first decision since it raised rates by…
What devaluation? Egyptian currency traders shrug off black market crackdown
Business
April 22, 2016
What devaluation? Egyptian currency traders shrug off black market crackdown
Egypt's war on black market currency traders is not going to plan. One month after a devaluation that was supposed…
We will keep basic goods prices stable despite dollar crisis: Sisi
Business
April 14, 2016
We will keep basic goods prices stable despite dollar crisis: Sisi
Egypt's President Abdel Fattah al-Sisi said on Wednesday he would make sure the price of basic goods does not increase,…
Egypt central bank to keep pound stable say bankers, pound weakens on black market
Business
April 7, 2016
Egypt central bank to keep pound stable say bankers, pound weakens on black market
Egypt's central bank will keep the pound stable at LE8.78 pounds to the dollar in Thursday's additional foreign currency auction,…
Egyptian pound weakens to record against the dollar on black market
Business
March 28, 2016
Egyptian pound weakens to record against the dollar on black market
The Egyptian pound fell to an unprecedented low on the black market on Monday, five traders said, as hard currency…
Egypt’s yields on 91-day, 266-day T-bills jump at auction
Business
March 27, 2016
Egypt’s yields on 91-day, 266-day T-bills jump at auction
Yields on Egypt's three-month and nine-month treasury bills rose at an auction on Sunday, finance ministry data showed.The average yield…