Central Bank of Egypt (CBE)

Central bank: Egypt’s core inflation falls to 7.06 pct in January
Business

Central bank: Egypt’s core inflation falls to 7.06 pct in January

Egypt's annual urban consumer inflation and core inflation both slowed in January, a boost for government efforts to balance economic…
Egypt sells LE5.5 bn in treasury bills
Business

Egypt sells LE5.5 bn in treasury bills

Egypt's central bank (CBE) sold LE5.5 billion in domestic treasury bills on Tuesday, the Ministry of Finance said. CBE sold  18…
Egypt’s foreign reserves rises $100 million at end-Jan
Egypt

Egypt’s foreign reserves rises $100 million at end-Jan

Egypt's foreign currency reserves rose US$100 million to $15.43 billion at the end of January from $15.33 billion the previous…
Expert criticizes CBE decision to increase dollar exchange rate
Business

Expert criticizes CBE decision to increase dollar exchange rate

Ahmed Shiha, vice president of the Division of Importers, criticized the Central Bank of Egypt's decision to increase the dollar…
Source: IMF urges central bank to unify currency exchange rates
Business

Source: IMF urges central bank to unify currency exchange rates

The International Monetary Fund has urged the Central Bank of Egypt to unify currency exchange rates at banks and exchange…
CBE seeks to control black market as dollar rises to LE7.82
Business

CBE seeks to control black market as dollar rises to LE7.82

A senior banking source revealed that the Central Bank of Egypt is seeking to control the black market after the…
CBE : Egyptian banks’ credit reach to LE2.4 trillion during July/Sept 2014/15
Business

CBE : Egyptian banks’ credit reach to LE2.4 trillion during July/Sept 2014/15

Egyptian Banks' credit balances moved up by LE13.4 billion to reach LE2.4 trillion during July/September 2014/2015, the Central Bank of…
Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday
Business

Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday

Egypt's central bank said on Sunday it would offer a $1.1 billion one-year treasury bill to local banks and foreign…
CBE prohibits converting Arab currencies to dollars
Egypt

CBE prohibits converting Arab currencies to dollars

The central bank of Egypt (CBE) issued instructions to banks to stop converting Arab currencies into dollars as it had…
Egypt repays Qatar’s deposit Friday
Business

Egypt repays Qatar’s deposit Friday

Egypt will pay Qatar back a US$2.5 billion the oil-rich kingdom had deposited at the Central Bank of Egypt under…
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