Central Bank of Egypt (CBE)

Will Egyptian banks offer certificates with 20% interest rate soon?
Business

Will Egyptian banks offer certificates with 20% interest rate soon?

The Central Bank of Egypt announced various decisions on Thursday aimed at achieving reform measures to ensure the protection and…
CBE responds to rise in US dollar exchange rate
Business

CBE responds to rise in US dollar exchange rate

The Central Bank of Egypt (CBE) issued analysis showed that the US dollar index rose globally by 0.60 percent, benefiting…
Egypt announces an increase in foreign assets deficit
Business

Egypt announces an increase in foreign assets deficit

The Central Bank of Egypt announced that the net foreign assets deficit in the banking sector increased by about fiv…
CBE raises required reserve ratio from 14% to 18%
Business

CBE raises required reserve ratio from 14% to 18%

The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
CBE withdraws LE100 billion of liquidity for 6th time in a month
Business

CBE withdraws LE100 billion of liquidity for 6th time in a month

Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
US dollar exchange rate continues to soar against Egyptian pound
Business

US dollar exchange rate continues to soar against Egyptian pound

The US dollar exchange rates witness a slight rise in Egyptian banks on Wednesday: The US dollar against the Egyptian…
Arab countries invest the most in Egypt, UAE comes first
Business

Arab countries invest the most in Egypt, UAE comes first

The Central Bank of Egypt announced that Arab countries are at the forefront of nations investing with Egypt, with net…
Remittances of Egyptians abroad increase to US$ 29.1 billion in 11 months
Economy

Remittances of Egyptians abroad increase to US$ 29.1 billion in 11 months

Remittances of Egyptians working abroad from July 2021 to May 2022 reached about US$ 29.1 billion, an increase of 2.1…
Egypt’s foreign currency reserves down by US$ 1.628 billion in May, CBE
Economy

Egypt’s foreign currency reserves down by US$ 1.628 billion in May, CBE

The Central Bank of Egypt (CBE) said that the foreign currency reserves reached about US$35.495 billion at the end of…
CBE announces increase of US$ 41 million in foreign reserves during April
Economy

CBE announces increase of US$ 41 million in foreign reserves during April

The balance of foreign exchange reserves at the Central Bank of Egypt increased at the end of April by about…
Back to top button