CBE
CBE foreign reserves decline $2bn at end of December
Economy
January 8, 2019
CBE foreign reserves decline $2bn at end of December
The foreign reserves of the Central Bank of Egypt (CBE) lost about $2 billion at the end of December. Egypt’s…
CBE to release plastic banknotes by 2020
Business
December 12, 2018
CBE to release plastic banknotes by 2020
Central Bank of Egypt (CBE) Governor Tarek Amer said Wednesday that the new plastic banknotes the CBE intends to release…
Economists praise CBE’s decision to issue plastic notes by 2020
Economy
December 9, 2018
Economists praise CBE’s decision to issue plastic notes by 2020
The Central Bank of Egypt (CBE) announced on Wednesday that the government would issue LE5 and LE10 plastic banknotes…
Remittances from Egyptians abroad up by 20.4% in September 2018
Economy
November 18, 2018
Remittances from Egyptians abroad up by 20.4% in September 2018
The Central Bank of Egypt (CBE) announced a rise in remittances from Egyptians working abroad by 20.4 percent ($298 million)…
Egypt’s Sisi discusses economic reform with Central Bank governor
Economy
November 15, 2018
Egypt’s Sisi discusses economic reform with Central Bank governor
Egyptian President Abdel Fattah al-Sisi held a meeting with Governor of the Central Bank of Egypt (CBE) Tarek Amer…
Egypt’s public debt reaches LE3.695 trillion: CBE
Economy
October 26, 2018
Egypt’s public debt reaches LE3.695 trillion: CBE
The Central Bank of Egypt (CBE) announced Thursday that national public debt has reached LE3.695 trillion at the end…
Standard Chartered expects 5.5% growth for Egypt in 2019
Economy
October 17, 2018
Standard Chartered expects 5.5% growth for Egypt in 2019
Standard Chartered projected on Tuesday that the gross domestic product (GDP) growth rate of Egypt will rise by 5.5 percent…
Financial experts opine about decline in pound rate against US dollar
Business
May 18, 2018
Financial experts opine about decline in pound rate against US dollar
The average official exchange rate of the US dollar against the Egyptian pound in the Central Bank of Egypt (CBE)…
Remittances from Egyptians abroad increase 19.2% in 2017
Economy
February 12, 2018
Remittances from Egyptians abroad increase 19.2% in 2017
Remittances of Egyptians working abroad since the flotation of the pound currency in November 2016 until the end of December…
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor
Business
November 14, 2017
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor
Tarek Amer, Governor of the Central Bank of Egypt (CBE), stated on Monday that the country is taking active measures…