Central Bank of Egypt (CBE)

CBE cuts interest rates by 100 basis points
Business

CBE cuts interest rates by 100 basis points

The Central Bank of Egypt (CBE)’s Monetary Policy Committee decided on Thursday to cut interest rates by 100 basis points,…
US dollar prices decrease in Egyptian banks
Business

US dollar prices decrease in Egyptian banks

US dollar prices have decreased in Egyptian banks to between LE16.46 and LE16.50 for purchase and between LE16.56 and LE16.60…
Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE
Business

Egypt’s foreign currency reserves increase to US$44.916 bn in July: CBE

The Central Bank of Egypt (CBE) said on Tuesday that the value of the country’s foreign currency reserves reached US$44.916…
US dollar prices continue declining in Egyptian markets
Business

US dollar prices continue declining in Egyptian markets

Dollar prices continued declining in the local exchange market against the Egyptian pound on Thursday after seeing a reduction of…
Egypt’s GDP growth seen slowing to 5.5% in current fiscal year: Reuters poll
Egypt

Egypt’s GDP growth seen slowing to 5.5% in current fiscal year: Reuters poll

CAIRO (Reuters) – Egypt’s economic growth is expected to slow to 5.5% in the fiscal year that began this month,…
Governor of Egypt’s Central Bank receives African Development Bank Award
Business

Governor of Egypt’s Central Bank receives African Development Bank Award

Governor of the Central Bank of Egypt (CBE) Tarek Amer received the African Development Bank Award on Tuesday, after being…
CBE denies issuance of LE500 banknote
Egypt

CBE denies issuance of LE500 banknote

The Egyptian Cabinet’s media center denied rumors on social media that the Central Bank of Egypt (CBE) issued LE500 and…
US dollar prices record decline in Egypt on Thursday
Business

US dollar prices record decline in Egypt on Thursday

The US dollar exchange rates declined against the Egyptian pound on Tuesday in several banks. The dollar prices have decreased…
CBE to ban issuance of cryptocurrency without licenses
Business

CBE to ban issuance of cryptocurrency without licenses

The new banking law for the Central Bank of Egypt (CBE) bans creating, promoting or operating platforms for issuing or…
US dollar prices in Egypt continue decline on Sunday: CBE
Business

US dollar prices in Egypt continue decline on Sunday: CBE

US dollar prices continued their decline in several banks in Egypt on Sunday, according to price updates issued by the…
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