Central Bank of Egypt (CBE)

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…
Egypt foreign reserves rise to $16.564 bln end-august: CBE
Business

Egypt foreign reserves rise to $16.564 bln end-august: CBE

Egypt's net foreign reserves rose to US$16.564 billion at the end of August, the Central Bank of Egypt (CBE) said…
Egypt sets jail as punishment for black market forex trading
Business

Egypt sets jail as punishment for black market forex trading

Egypt's parliament on Tuesday set prison sentences of between three and 10 years in jail and fines of up to…
Yields mixed at Egypt T-bill auction
Business

Yields mixed at Egypt T-bill auction

August 7 Yields on Egypt's three-month treasury bills fell and yields on nine-month bills rose at Sunday's auction, data from…
Egypt suspends 10 foreign exchange bureaus over black market trading
Egypt

Egypt suspends 10 foreign exchange bureaus over black market trading

Egypt's central bank on Monday suspended for one year the licenses of 10 foreign exchange bureaus in Cairo after finding…
Yields drop at Egypt T-bill auction
Business

Yields drop at Egypt T-bill auction

Yields on Egypt's three-month and nine-month treasury bills edged down at Sunday's auction, data from the central bank website showed.The…
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