Central Bank of Egypt
IMF official in Egypt as currency crisis bites
Business
January 7, 2013
IMF official in Egypt as currency crisis bites
A senior International Monetary Fund official met Egypt's government on Monday to discuss a vital US$4.8 billion loan as the…
Finance minister hopes to grow foreign reserves by mid-year
Business
January 2, 2013
Finance minister hopes to grow foreign reserves by mid-year
As the value of the pound falls and the country struggles to deal with a foreign currency shortfall, Planning and…
Foreign reserves at critical low, Central Bank says
Business
December 31, 2012
Foreign reserves at critical low, Central Bank says
Foreign reserves are now at a critical low and must be maintained to repay the foreign debt to preserve the…
Suzanne Mubarak’s assets to be transferred to Central Bank
Egypt
December 27, 2012
Suzanne Mubarak’s assets to be transferred to Central Bank
Suzanne Mubarak’s funds are to be transferred to the Central Bank of Egypt (CBE) at the request of the Illicit…
New constitution may remove veteran Central Bank governor
Business
December 24, 2012
New constitution may remove veteran Central Bank governor
Several senior positions at monitoring and independent bodies will become vacant if the referendum approval of the new constitution is…
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…
Egyptian banks bring in dollars from abroad to meet local demand
Business
December 21, 2012
Egyptian banks bring in dollars from abroad to meet local demand
Egyptian banks have resorted to drawing on balances from abroad to meeting the growing domestic demand for US currency in…
CBE deputy chief denies reports of governor’s resignation
Egypt
December 17, 2012
CBE deputy chief denies reports of governor’s resignation
Central Bank of Egypt Deputy Governor Nedal al-Asar has denied reports that CBE Governor Farouk al-Oqda submitted his resignation to…
Foreign reserves take hit in November; politics, low tourism to blame
Business
December 6, 2012
Foreign reserves take hit in November; politics, low tourism to blame
Foreign cash reserves held by the Central Bank of Egypt dropped by US$448 million in November, falling from $15.483 billion…
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…