CBE

CBE foreign reserves decline $2bn at end of December
Economy

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

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

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

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

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

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

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

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

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

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…
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