CBE allows banks to direct part of US dollar-denominated proceeds to cover temporary overdrafts on customer accounts
The Central Bank of Egypt (CBE) has allowed banks working in the…
Government should improve, otherwise it should quit: Free Egyptians Party head
The Free Egyptians Party supported the government’s decision to float the Egyptian…
Despite high interest, banks attract only EGP 26bn of new funds into saving certificates
Investments in new saving certificates amount to EGP 135bn, 81% recycled from…
Banks begin providing hard cash to import non-essential goods on Sunday
Banking sector financed import of food commodities, medicines, and production inputs worth…
Banks secure $2.2bn to meet customers’ needs since pound flotation: cabinet
Banks have received $2.6bn as of Monday, says CBE governor
US dollar price varies at banks, CBE on Tuesday
Bankers expect the greenback to change hands at EGP 15-16 for three…
US dollar continues to fall on Monday, recording EGP 15.25-15.32 in official market
The price of the US dollar against the Egyptian pound continued to…
Market sees high sales volume of dollars, new saving certificates at banks in 2nd week since flotation
The amount of dollars Banque du Caire received in one day is…
Large portion of dollars in banks since Monday come from customers switching saving schemes to Egyptian pounds: prominent banker
High expectations that foreign currency deposits will decrease while Egyptian pound deposits…
Large number of Arab, foreign banks in Egypt reflects country’s regional and international position: experts
Arab and foreign banks are more likely to make high profits in…