Central Bank of Egypt (CBE)
Pound hits record low
Business
January 8, 2013
Pound hits record low
The Egyptian pound hit a record low on Tuesday after weakening again at a Central Bank US dollar auction designed…
Morsy not concerned about dollar rise against pound, market will rebound
Egypt
December 31, 2012
Morsy not concerned about dollar rise against pound, market will rebound
Egypt is not concerned about the dollar’s recent rise against the Egyptian pound, President Mohamed Morsy said Monday in statements…
Foreign reserves fall to US$15 billion
Business
April 2, 2012
Foreign reserves fall to US$15 billion
Egypt's net foreign reserves fell to US$15.12 billion at the end of March from $15.72 billion a month earlier, the…
Egypt govt allows four banks to disburse ‘yellow remittances’
Egypt
March 19, 2012
Egypt govt allows four banks to disburse ‘yellow remittances’
Farouk al-Okda, head of the Central Bank of Egypt (CBE), on Sunday granted four banks the right to disburse “yellow…
Egypt to offer US$500 mln in 1-year T-bills
Business
February 19, 2012
Egypt to offer US$500 mln in 1-year T-bills
The Central Bank said on Sunday it would offer $500 million in dollar-denominated 1-year treasury bills at an auction on…
Central Bank clears Mubarak of seizing US$9 bln in grants
Egypt
February 9, 2012
Central Bank clears Mubarak of seizing US$9 bln in grants
The Central Bank of Egypt (CBE) cleared former President Mubarak of allegations he seized US$9 billion in grants from the…
Central Bank: Foreign reserves hit 7-year low in December
Business
January 8, 2012
Central Bank: Foreign reserves hit 7-year low in December
The Egyptian foreign reserves continued to decline in December 2011, standing at US$18.1 billion, the lowest it has been in…
Egypt T-bill yields rise as banks feel pinch
Business
November 13, 2011
Egypt T-bill yields rise as banks feel pinch
Egyptian treasury bill yields jumped by around 40 basis points at an auction on Sunday, in further sign that the…
SCAF approves Central Bank Law amendments
Egypt
October 16, 2011
SCAF approves Central Bank Law amendments
Egypt’s ruling Supreme Council of the Armed Forces on Sunday issued a decree amending a number of provisions in laws…