Central Bank of Egypt (CBE)

Egypt to issue US$1.6 bln 1-year Treasury Bill – Central Bank
Business

Egypt to issue US$1.6 bln 1-year Treasury Bill – Central Bank

Egypt will issue a US$1.6 billion one-year Treasury Bill, the central bank said on Sunday. It said the settlement date for…
US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor
Business

US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor

The official US dollar inflows have improved, two weeks after the Central Bank of Egypt (CBE)'s decision to float the…
Egyptian central bank floats pound, devaluing to LE13 per dollar
Business

Egyptian central bank floats pound, devaluing to LE13 per dollar

Egypt's central bank floated the pound on Thursday, devaluing by 47.7 percent to an initial guidance level of 13 pounds…
US dollar hits LE18 on black market as govt mulls official devaluation
Business

US dollar hits LE18 on black market as govt mulls official devaluation

The US dollar continued its steep rise on Egypt's black market on Sunday, breaking the LE18 barrier for the first…
External debt rose by 16% in 2015-2016: CBE
Egypt

External debt rose by 16% in 2015-2016: CBE

The Central Bank of Egypt (CBE) said on Wednesday that external debt rose by $7.7 billion by the end of…
Egyptian pound steady in regular dollar sale, weaker on black market
Business

Egyptian pound steady in regular dollar sale, weaker on black market

Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of foreign currency, but the…
CBE announces $3 bn rise in net foreign reserves on last month
Business

CBE announces $3 bn rise in net foreign reserves on last month

The Central Bank of Egypt (CBE) has announced a US$3 billion increase in net foreign reserves in late September compared…
Dollar price climbs on black market after rumors of partial floatation of pound
Business

Dollar price climbs on black market after rumors of partial floatation of pound

The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
Business

Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report

In a report published on Wednesday, the Central Bank announced that revenues from Suez Canal traffic decreased by 4.5 percent…
CBE reports net outflow in Egypt’s travel balance
Business

CBE reports net outflow in Egypt’s travel balance

Egypt's travel payments rose from US$3.3 billion to $4.1 billion in the fiscal year 2015/2016, creating a net outflow in…
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