Egypt to gradually repeal letters of credit system for imports
The Central Bank of Egypt (CBE) announced on Thursday that it would begin the process of gradually repealing the…
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Egypt’s central bank
BREAKING: Egypt’s central bank liberalises pound currency
Egypt’s central bank decided to liberalise the exchange rate of the Egyptian pound, sending directives to the banks…
Egypt’s central bank raises key interest rates by 200 bps at exceptional meeting
Egypt's central bank said on Thursday it had hiked interest rates by 200 basis points in an exceptional meeting of…
Egypt c.bank governor Hassan Abdalla chairs plenary session of IMF-WBG board of governors
Central Bank of Egypt’s (CBE) Governor Hassan Abdalla will chair on Friday the plenary session of the International…
Egypt’s inflation rate increases by 1.6 percent in September – CAPMAS
Egypt’s general consumer price inflation (CPI) has reached 133.8 points in September to record an increase of 1.6…
Egypt c.bank to allow new derivatives to build market for currency hedging
Egypt’s central bank will allow new currency derivatives to unlock liquidity in the local market, making available…
Egypt’s central bank keeps interest rates unchanged for the third time in a row
Egypt’s central bank (CBE) has on Thursday kept its key interest rates unchanged for the third time in a row.
Egypt’s central bank eases foreign-currency restrictions to clear import backlog
Egypt’s central bank has eased foreign-currency restrictions, a move aimed to clear a backlog of imports that…
Egypt c.bank increases cash withdrawal to EGP150,000
The Central Bank of Egypt (CBE) has raised the daily maximum limit of cash withdrawals for individuals and…
Remittances from Egyptians abroad up 1.6% y-o-y in FY2021/22
Remittances from Egyptians working abroad rose 1.6 percent year-on-year to around $31.9 billion during the…