CBE to consider floating pound when foreign reserves hit $30bn
Actual value of imports amounts to approximately $90bn, in addition to smuggled…
$1.208bn offered for investment in treasury bills
Return on bills increased by up to compared to last CBE auction…
Uncertainty surrounds United Bank chairman appointment
While Fahmy is considered most likely to ascend to the leadership role,…
Banks record EGP 8.2bn increase in deposits in November: CBE
Banks also saw a EGP 2.3bn increase in loans during the same…
Egyptian banks unconcerned with Africa
Limited banking operations mostly in public banks, in Sudan, Uganda, Ethiopia, Libya
CBE bans foreign currency transactions at local points of sale
According to the CBE, this decision came in light of the discount…
Banks introduce restrictions on dollar use abroad
Banks have the right to limit dollar use, in light of the…
Dollar exceeds EGP 9 in Egyptian informal market for first time
Devaluation of the pound is not linked to import pressures, but a…
CBE cannot be asked to bear more than it can to solve: El-Kosayer
The CBE is not responsible for providing the dollar; it is responsible…
CBE raises cap on dollar deposit to $1m per month
The new cap compares to the previous daily limit of $10,000 on…