Central Bank of Egypt
US dollar price declines significantly on black market in Egypt
Business
December 29, 2022
US dollar price declines significantly on black market in Egypt
The exchange rate of the US dollar on the black market in Egypt declined significantly during the past days, losing…
CBE announces Jan 1st official holiday for banks
Egypt
December 27, 2022
CBE announces Jan 1st official holiday for banks
The Central Bank of Egypt announced in a statement, on Tuesday, that Sunday January 1, 2023, is an official holiday,…
NBE denies issuing savings certificates with a return of 20%
Business
December 27, 2022
NBE denies issuing savings certificates with a return of 20%
The Chairman of the Board of Directors of the National Bank of Egypt, Hisham Okasha, denied rumors regarding the bank…
CBE cancels fees on bank transfer and mobile wallet
Egypt
December 26, 2022
CBE cancels fees on bank transfer and mobile wallet
The Board of Directors of the Central Bank of Egypt has chosen to exempt customers dealing with electronic payment and…
CBE restricts misuse of credit and debit cards abroad
Business
December 23, 2022
CBE restricts misuse of credit and debit cards abroad
The Central Bank of Egypt has instructed banks operating in Egypt to restrict the use of debit and credit cards…
CBE explains reasons for raising interest rates by 300 bps
Egypt
December 23, 2022
CBE explains reasons for raising interest rates by 300 bps
The Monetary Policy Committee (MPC) decided to raise the Central Bank of Egypt’s (CBE) deposit rate, overnight lending rate, and…
CBE explains reasons for rising interest rates
Business
December 23, 2022
CBE explains reasons for rising interest rates
The Central Bank of Egypt (CBE) said that raising the interest rate that went up by three percent came after…
US dollar price stabilizes on Wednesday in Egypt ahead CBE meeting
Business
December 21, 2022
US dollar price stabilizes on Wednesday in Egypt ahead CBE meeting
On Wednesday, December 21, the price of the US dollar stabilized against the Egyptian pound. This happened in most banks…
US dollar price in Egypt on Tuesday morning
Business
December 20, 2022
US dollar price in Egypt on Tuesday morning
Search for the price of the US dollar against the Egyptian pound increased on Google search engine, especially after the…
Egypt announces compulsory pricing of about 15 basic commodities
Egypt
December 19, 2022
Egypt announces compulsory pricing of about 15 basic commodities
Assistant Minister of Supply and Internal Trade in Egypt Ibrahim Ashmawy announced the compulsory pricing of about 15 strategic and…