Central Bank of Egypt

IMF official in Egypt as currency crisis bites
Business

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

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

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

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

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

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

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

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

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

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…
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