CBE
Net foreign reserves rise to US$45.247 bn in October
Economy
November 7, 2019
Net foreign reserves rise to US$45.247 bn in October
The value of Egypt’s net foreign reserves rose to US$45.247 billion in October from $45.118 billion in September, the Central…
US dollar price further declines in local banks
Economy
October 25, 2019
US dollar price further declines in local banks
The dollar exchange rate fell to its lowest level in recent years at the end of the Thursday trading session…
Net foreign reserves record US$45.118 bn in September
Economy
October 3, 2019
Net foreign reserves record US$45.118 bn in September
The net foreign reserves in the Central Bank of Egypt at the end of September recorded about US$45.118 billion, up…
CBE announces Eid al-Fitr vacation to start Tuesday
Egypt
June 2, 2019
CBE announces Eid al-Fitr vacation to start Tuesday
The Central Bank of Egypt and the stock market announced Tuesday, June 4 as the first day of the official…
Egypt’s central bank keeps key interest rates unchanged
Economy
May 27, 2019
Egypt’s central bank keeps key interest rates unchanged
CAIRO, May 23 (Reuters) – Egypt’s central bank on Thursday kept its key interest rates unchanged, in line with a…
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
Business
March 11, 2019
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
The state has undergone a very difficult surgery to conduct it’s economic reform, leading to success in all sectors, Finance…
Egypt’s urban inflation jumps to 14.4 pct in Feb
Economy
March 11, 2019
Egypt’s urban inflation jumps to 14.4 pct in Feb
CAIRO, March 10 (Reuters) – Egypt’s annual urban consumer price inflation increased to 14.4 percent in February from 12.7 percent…
Central Bank of Egypt bans circulation of banknotes with phrases
Economy
March 4, 2019
Central Bank of Egypt bans circulation of banknotes with phrases
The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
CBE denies ‘Let it Rust’ saved $12bn to state treasury
Economy
February 8, 2019
CBE denies ‘Let it Rust’ saved $12bn to state treasury
The Central Bank of Egypt (CBE) denied that the “Let it Rust” social media campaign, which called for boycotting buying…
US dollar price in Egypt hits lowest level in two years
Economy
January 28, 2019
US dollar price in Egypt hits lowest level in two years
The US dollar fell on Sunday during mid-day trading in Egyptian banks, hitting its lowest level in two years.…