Central Bank of Egypt (CBE)
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…
Yields on Egypt’s 3-year, 7-year treasury bonds drop at auction
Business
January 24, 2016
Yields on Egypt’s 3-year, 7-year treasury bonds drop at auction
Yields on Egypt's 3-year and 7-year bonds fell at an auction on Sunday, data from the central bank showed. The yield…
Egyptian pound steady at forex sale, weaker on black market
Business
January 21, 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 Thursday, but the…
Egypt receives $1.6 bn loan from China in budget support: source
Business
January 17, 2016
Egypt receives $1.6 bn loan from China in budget support: source
The Central Bank of Egypt will receive a US$1.5 billion loan from China during a visit by China’s President Xi…
Banque Misr chief hails CBE’s small-projects program
Business
January 11, 2016
Banque Misr chief hails CBE’s small-projects program
Banque Misr's president lauded a program launched by the the Central Bank of Egypt (CBE) on Sunday that seeks to…
International reserve at US$16,455 in December: CBE
Business
January 5, 2016
International reserve at US$16,455 in December: CBE
Egypt’s net international reserves stood at US$16,455 in December, the Central Bank of Egypt said on Tuesday. The current reserve is…
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
Egypt
December 9, 2015
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
President Abdel Fattah al-Sisi has suggested that Egyptian expatriates make a financial contribution to help their country cope with eroding foreign…
Egypt’s fight against currency black market a double-edged weapon
Business
September 29, 2015
Egypt’s fight against currency black market a double-edged weapon
Egypt’s efforts to combat illegal currency exchanges, besides succeeding largely in curtailing the shadowy dollar trade, has negatively impacted businesses…