Federation of Egyptian Banks to meet Sunday in presence of CBE governor
The meeting is planned to discuss the most significant issues in the…
CBE concludes financing deal worth $2bn from international banks
The transaction bolsters the liquidity and amount of the foreign currency reserves,…
CBE instructs banks in some areas to remain closed on 11 November
The CBE’s measure comes as a precaution for violence that may occur…
Banks pose new restrictions to confront saving certificates leveraging scheme
A number of banks in Egypt have developed new restrictions for granting…
Egyptian pound appreciates against dollar in midst of imminent IMF loan signing, Trump elected president
The price of the Egyptian pound significantly increased against the US dollar…
CBE raises price of US dollar to EGP 17.41 for buying, EGP 17.84 for selling
The US dollar exchange rate rose at the Central Bank of Egypt…
IMF to decide on fate of Egypt’s $12bn loan Friday: CBE governor
The executive board of the International Monetary Fund (IMF) is set to…
The first tender-less Tuesday in almost 4 years
Since December 2012, the CBE has posed 517 regular tenders and 9…
Private banks move to protect their deposits after governmental banks raise interest rate to 20%
Banks issue new savings certificates at high interest rates; others increased return…
Banks loosen restrictions on US dollars abroad after foreign exchange resources improve following pound flotation
Banks operating in the local market have begun to ease restrictions set…