Central Bank of Egypt (CBE)

Dollar surges against Egyptian pound after cbank raises cap on deposits
Business

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

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

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

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

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

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

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

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

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

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…
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