Central Bank of Egypt (CBE)

Egypt protests could heap pressure on beleaguered currency
Business

Egypt protests could heap pressure on beleaguered currency

Egypt's central bank faces an uphill task keeping the country's currency stable if mass anti-government protests planned over the coming…
Government may raise dollar supply before 30 June
Business

Government may raise dollar supply before 30 June

The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June,…
Egypt in late stages of verifying IMF reform plan
Business

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

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

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

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

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

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

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…
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