Tag: #CBE
Central Bank of Egypt plans to develop new currency indicator
Egypt’s central bank governor said Sunday that the country plans to develop a new currency indicator and add instruments to hedge against risks as...
Egypt’s headline inflation quickens to 1.6% in September
Egypt’s annual urban consumer inflation accelerated to 1.6% year-on-year in September, the fastest in almost four years signaling that consumers in the North African...
Central Bank of Egypt reportedly eases foreign currency rules for imports
The Central Bank of Egypt (CBE) reportedly eased restrictions on the use of foreign currency on Tuesday as part of the government’s broader strategy...
Egypt’s net foreign reserves drop slightly amid IMF talks
Egypt’s net foreign reserves dropped slightly in August, the central bank said Thursday, as the North African country strives to secure International Monetary Fund...
Central Bank of Egypt raises cash withdrawal limits
The Central Bank of Egypt (CBE) raised the maximum amount of cash customers are allowed to withdraw from their bank accounts and scrapped limits...
Central Bank of Egypt keeps key interest rates unchanged, names acting governor
The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, a day after Governor Tarek Amer stepped down just over a...
The CBE’s new initiative to guarantee imports through Letters of Credit
As of February the 22nd of February, importers must present letters of credit to import goods from abroad, according to a new initiative issued by...
Egyptian banking sector handles pandemic’s repercussions efficiently says CBE
The Egyptian banking sector has dealt efficiently with the repercussions of the coronavirus pandemic and has contributed to mitigating its negative effects on the...
Central Bank Egypt approves launch of e-portal for smartphone wallet management
The Central Bank of Egypt (CBE) approved the launch of an e-portal for managing smartphone wallet accounts in cooperation with the National Telecom Regulatory...
Egypt’s central bank issues LE 18.5 billion treasury bills
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 18.5 billion in treasury bills (T-bills),...