Egypt’s Prime Minister Says Govt Not To Float Currency
Egypt’s Prime Minister Hisham Kandil said the government is not planning to float the Egyptian pound amid the…
Browsing Tag
Central Bank of Egypt
Egypt Offers Banks US$75 Mln At Maiden Foreign Currency Auction
The Central Bank of Egypt (CBE) said it was offering $75 million at its first foreign currency auction on Sunday,…
Egypt’s Central Bank: Reserves At “Critical” Level
The Central Bank of Egypt says the country's foreign currency reserves are at a "critical" minimum level. The bank…
CBE To Start Foreign Exchange Auctions As Reserves Plunge
The Central Bank of Egypt (CBE) will start foreign-exchange auctions today in order to preserve foreign reserves…
CBE Financed Egypt’s Main Needs With US$ 35 Bln In Two Years
The Central Bank of Egypt (CBE) revealed that it financed the country’s main needs during the period from January…
Egypt’s President Says Economy Grew 2.6% In July-Sept
Egypt's economy, buffeted by political and economic strife, grew by an annual 2.6 percent in the third quarter of…
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE’s Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging…
Egypt To Raise Bond Sale Goal 60% As Unrest Delays IMF
Egypt plans to sell about 60 percent more government bonds next quarter after political unrest prompted authorities…
Hisham Ramez Rejects CBE’s Governor Post
Hisham Ramez, vice chairman of Commercial International Bank (CIB), has turned down an offer to be Governor of the…
Egypt Central Bank Says Taking All Steps To Safeguard Bank Deposits
Egypt's central bank, responding to what it said were market rumors, said on Monday that it was taking all steps…
