Central Bank of Egypt (CBE)
Will Egyptian banks offer certificates with 20% interest rate soon?
Business
October 29, 2022
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
October 15, 2022
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
October 4, 2022
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
September 25, 2022
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
September 21, 2022
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Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…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
August 31, 2022
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
August 21, 2022
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
July 31, 2022
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
June 6, 2022
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
May 8, 2022
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…