Central Bank of Egypt (CBE)
Egypt in late stages of verifying IMF reform plan
Business
June 15, 2013
Egypt in late stages of verifying IMF reform plan
Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before…
Foreign currency reserves rise to US$16 billion in May
Business
June 6, 2013
Foreign currency reserves rise to US$16 billion in May
Net foreign currency reserves climbed to US$16.039 billion at the end of May, up from US$14.4 billion at the end…
Egypt sells $38.5 mln at forex auction
Business
May 29, 2013
Egypt sells $38.5 mln at forex auction
Egypt's central bank sold $38.5 million to banks in a foreign exchange auction on Wednesday, with the cut-off price weakening…
Egypt leaves price of currency unchanged at forex auction
Business
May 27, 2013
Egypt leaves price of currency unchanged at forex auction
Egypt's central bank sold $38.4 million to banks in a foreign exchange auction on Monday, with the cut-off price unchanged…
Central Bank cancels currency auction, to announce new mechanism Monday
Business
February 4, 2013
Central Bank cancels currency auction, to announce new mechanism Monday
Egypt's central bank cancelled an auction of foreign currency on Sunday and said it would announce details of upcoming auctions…
Pound hits record low
Business
January 8, 2013
Pound hits record low
The Egyptian pound hit a record low on Tuesday after weakening again at a Central Bank US dollar auction designed…
Morsy not concerned about dollar rise against pound, market will rebound
Egypt
December 31, 2012
Morsy not concerned about dollar rise against pound, market will rebound
Egypt is not concerned about the dollar’s recent rise against the Egyptian pound, President Mohamed Morsy said Monday in statements…
Foreign reserves fall to US$15 billion
Business
April 2, 2012
Foreign reserves fall to US$15 billion
Egypt's net foreign reserves fell to US$15.12 billion at the end of March from $15.72 billion a month earlier, the…
Egypt govt allows four banks to disburse ‘yellow remittances’
Egypt
March 19, 2012
Egypt govt allows four banks to disburse ‘yellow remittances’
Farouk al-Okda, head of the Central Bank of Egypt (CBE), on Sunday granted four banks the right to disburse “yellow…