Central Bank of Egypt (CBE)

Egyptian pound slips further on black market, official rate unchanged
Business

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

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

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…
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