The Central Bank of Egypt (CBE)

Egypt’s foreign reserves rise to US$35.249 billion by end of January
Business

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

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

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

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

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

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

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

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

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…
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