central bank
PM: Egyptian pound to improve against dollar over next period
Egypt
January 1, 2013
PM: Egyptian pound to improve against dollar over next period
The Egyptian pound will improve its standing against the US dollar after being encouraged by political and economic stability over…
Egypt starts currency auctions, says reserves critical
Business
December 29, 2012
Egypt starts currency auctions, says reserves critical
Egypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which…
Is the Central Bank’s independence on the line?
Business
December 23, 2012
Is the Central Bank’s independence on the line?
The Central Bank of Egypt has been making headlines recently, not least of which due to the dire state of…
Central Bank governor denies resignation
Egypt
December 23, 2012
Central Bank governor denies resignation
Central Bank of Egypt Governor Farouk al-Oqda denied on Sunday that he had submitted his resignation, and said he is…
Central Bank governor resigns, Cabinet disputes announcement
Egypt
December 22, 2012
Central Bank governor resigns, Cabinet disputes announcement
Central Bank of Egypt Governor Farouk al-Oqda has resigned from his position, sources from the president's office reported Saturday. The…
Imminent decree to give Morsy more power over Central Bank
Business
December 11, 2012
Imminent decree to give Morsy more power over Central Bank
President Mohamed Morsy will issue a decree within days that would give him more power over Egypt’s Central Bank, according…
Central Bank denies transferring funds to Morsy’s son
Egypt
November 13, 2012
Central Bank denies transferring funds to Morsy’s son
The Central Bank of Egypt filed a claim with the public prosecutor's office Tuesday against a newly-founded daily newspaper that…
Pound weakens to near 8-year low as IMF talks resume
Business
October 31, 2012
Pound weakens to near 8-year low as IMF talks resume
The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Central Bank denies governor’s referral to Illicit Gains Authority
Egypt
October 10, 2012
Central Bank denies governor’s referral to Illicit Gains Authority
The Central Bank denied on Tuesday a report that Central Bank Governor Farouk al-Oqda had been referred to the Illicit…
Central Bank happy with value of pound: official
Business
October 10, 2012
Central Bank happy with value of pound: official
Egypt's central bank is comfortable with the current value of the Egyptian pound and is not targeting any particular rate…