money
Central Bank of Egypt bans circulation of banknotes with phrases
Economy
March 4, 2019
Central Bank of Egypt bans circulation of banknotes with phrases
The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
World markets drop; London hit by Brexit delay reports
World
February 26, 2019
World markets drop; London hit by Brexit delay reports
Global stock markets fell Tuesday, as China-US trade talk euphoria faded, with London also sliding as the British pound rallied…
US dollar exchange rate in Egypt continues to decline
Economy
February 17, 2019
US dollar exchange rate in Egypt continues to decline
On Sunday, the US dollar prices saw a drop of 3 piasters compared to the Egyptian pound. In the National…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
Economy
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…
Egypt plans to make New Administrative Capital its first cashless city
Egypt
February 16, 2019
Egypt plans to make New Administrative Capital its first cashless city
Egypt’s Minister of Communications and Information Technology Amr Talaat met with MasterCard Vice Chairman and President Michael Froman on Friday…
US dollar price in Egypt hits lowest level in two years
Economy
January 28, 2019
US dollar price in Egypt hits lowest level in two years
The US dollar fell on Sunday during mid-day trading in Egyptian banks, hitting its lowest level in two years.…
US dollar exchange rates decline against Egyptian pound
Economy
January 27, 2019
US dollar exchange rates decline against Egyptian pound
The US dollar exchange rates declined against the Egyptian pound on Sunday morning comparing to Saturday’s exchange rates by…
US dollar maintains stable rates against Egyptian pound
Business
January 20, 2019
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Sunday morning, with an average exchange rate of…
Economists praise CBE’s decision to issue plastic notes by 2020
Economy
December 9, 2018
Economists praise CBE’s decision to issue plastic notes by 2020
The Central Bank of Egypt (CBE) announced on Wednesday that the government would issue LE5 and LE10 plastic banknotes…
Total deposits with banking system reach LE3.6 trillion in September: CBE
Economy
November 27, 2018
Total deposits with banking system reach LE3.6 trillion in September: CBE
The Central Bank of Egypt (CBE) announced that the total deposits with the banking system, other than the CBE,…