Central Bank of Egypt

Will CBE raise interest rate in next meeting?
Economy

Will CBE raise interest rate in next meeting?

An economic expert expects that the Central Bank of Egypt would not resort to raising the interest rate at the…
US dollar exchange rate skyrockets on Friday
Economy

US dollar exchange rate skyrockets on Friday

The price of the US dollar jumped during the past days, after the Central Bank of Egypt raised the interest…
Gold price drops on Wednesday
Business

Gold price drops on Wednesday

The price of gold on Wednesday fell by LE2 per gram in conjunction with the rise in the price of…
US dollar price averages LE24.1 on Tuesday
Business

US dollar price averages LE24.1 on Tuesday

The average price of the US dollar, on Tuesday, November 1, according to the official Central Bank of Egypt (CBE)’s…
CBE cancels cash withdrawal, deposit limits
Business

CBE cancels cash withdrawal, deposit limits

The Central Bank of Egypt canceled the limits of cash withdrawals from ATM machines on deposits and raised the maximum…
CBE governor answers why interest rates were raised for the first time in 5 months
Economy

CBE governor answers why interest rates were raised for the first time in 5 months

On Thursday morning, the Central Bank of Egypt announced a package of exceptional decisions related to withdrawal and deposit limits…
Egypt obtains IMF loan worth $3 bln
Economy

Egypt obtains IMF loan worth $3 bln

The head of the International Monetary Fund (IMF) mission to Egypt announced in a press conference, on Thursday, held with…
Egypt announces flotation of Egyptian pound on Thursday
Economy

Egypt announces flotation of Egyptian pound on Thursday

The Central Bank of Egypt (CBE) issued a statement, on Thursday morning, announcing reform measures to ensure macroeconomic stability and…
US dollar exchange rate rises on Wednesday
Business

US dollar exchange rate rises on Wednesday

The exchange rate of the US dollar rose against the Egyptian pound, Wednesday, October 26, 2022, by two piasters, as…
US dollar falls in Egypt Monday
Business

US dollar falls in Egypt Monday

The price of the US dollar fell against the Egyptian pound, Monday, October 10, by seven piasters at the Central…
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