The Central Bank of Egypt (CBE)
Egypt’s foreign reserves rise to US$35.249 billion by end of January
Business
February 7, 2024
Egypt’s foreign reserves rise to US$35.249 billion by end of January
The Central Bank of Egypt (CBE) revealed an increase in net foreign exchange reserves, reaching US$35.249 billion at the end…
National Bank of Egypt increases interest rates for certificates in 2024
Economy
February 7, 2024
National Bank of Egypt increases interest rates for certificates in 2024
The National Bank of Egypt (NBE) has adjusted the return on the Platinum Savings Certificate with a variable return, in…
Monday official holiday for Egyptian bank employees
Egypt
December 31, 2023
Monday official holiday for Egyptian bank employees
The Central Bank of Egypt announced that the end of the fiscal year for banks operating in Egypt on December…
Egyptian banks suspend usage of recently issued credit cards abroad for 6 months
Egypt
December 25, 2023
Egyptian banks suspend usage of recently issued credit cards abroad for 6 months
Several banks in Egypt have decided to stop the use of newly issued credit cards abroad for up to six…
Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
Business
May 29, 2023
Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
Egypt’s Finance Ministry accepted about 453 bids to sell treasury bills put forward by the Central Bank of Egypt in…
Banks across Egypt shut down on April 16-17: CBE
Egypt
April 10, 2023
Banks across Egypt shut down on April 16-17: CBE
The Central Bank of Egypt announced that banks will shut down during April 16-17. In a statement, the CBE explained…
Ten years in prison, fine in millions for US dollar manipulators, CBE
Economy
December 27, 2022
Ten years in prison, fine in millions for US dollar manipulators, CBE
The Central Bank of Egypt has revealed a prison sentence of no less than three years and no more…
US dollar to Egyptian pound exchange rates shows slight increase
Economy
July 16, 2020
US dollar to Egyptian pound exchange rates shows slight increase
US dollar to Egyptian pound exchange rates at the Central Bank of Egypt (CBE) increased by one piaster on Monday,…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
Economy
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…