Central Bank of Egypt (CBE)
Central Bank of Egypt stresses all banknote denominations remain valid
Egypt
July 4, 2021
Central Bank of Egypt stresses all banknote denominations remain valid
The Central Bank of Egypt (CBE) confirmed the validity of any and all banknote denominations without exception, in response to…
CBE: Egypt’s tourism revenues fell by 67.4% in 2020-2021
Business
June 30, 2021
CBE: Egypt’s tourism revenues fell by 67.4% in 2020-2021
The Central Bank of Egypt (CBE) announced that Egypt’s revenues from tourism in the first nine months of the 2020-2021…
Tik Tok star Mawada Eladham received funding from abroad: investigations
Egypt
June 24, 2021
Tik Tok star Mawada Eladham received funding from abroad: investigations
Tik Tok star Mawad Eladham reportedly received funds from multiple sources abroad up to LE2.4 million through various bank accounts,…
Egypt authorities return fees on withdrawal and balance inquiry via ATM from July 1
Business
June 14, 2021
Egypt authorities return fees on withdrawal and balance inquiry via ATM from July 1
Local banks are preparing to notify their customers with the approaching end of an initiative cancelling fees on withdrawal and…
Central Bank of Egypt shortens time to collect checks in foreign currencies
Business
June 9, 2021
Central Bank of Egypt shortens time to collect checks in foreign currencies
The Board of Directors of the Central Bank of Egypt (CBE) has approved regulation for banks operating in Egypt to…
US dollar to Egyptian pound exchange rate for Monday
Egypt
April 5, 2021
US dollar to Egyptian pound exchange rate for Monday
The US dollar to Egyptian pound exchange rate on Monday recorded LE15.64 for purchase and LE15.74 for sale as the…
Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March
Business
April 5, 2021
Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March
The Central Bank of Egypt (CBE) announced on Sunday that international foreign currency reserves increased at the end of March…
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook
Economy
March 10, 2021
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook
American credit rating agency Fitch Ratings affirmed on Wednesday Egypt’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’, with…
US dollar to Egyptian pound exchange rate falls on Monday
Business
February 8, 2021
US dollar to Egyptian pound exchange rate falls on Monday
The US dollar to Egyptian pound exchange rate fell on Monday, recording LE15.60 for purchase and LE15.70 for sale at…
In the wake of Egypt’s second wave of coronavirus, Sisi orders continuation of bank initiatives, discusses future of education
Egypt
January 31, 2021
In the wake of Egypt’s second wave of coronavirus, Sisi orders continuation of bank initiatives, discusses future of education
Egyptian President Abdel Fattah Al-Sisi met with bank and education officials in two separate meetings on Saturday, in which he…