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
Highly expected that basic interest to remain unchanged on Thursday
Current interest rates on the pound may remain unchanged for three to…
Egyptian banks emerge as net winners post-25 January Revolution
Financial Times—Egyptian banks emerged as net winners after the 25 January Revolution…
US dollar price varies at banks, CBE on Tuesday
Bankers expect the greenback to change hands at EGP 15-16 for three…
CBE refutes rumours on changing banknote designs
The Central Bank of Egypt (CBE) denied rumours that it plans to…
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…
US dollar price falls even further at CBE, banks while EGX profits EGP 9.3bn
The price of the US dollar dropped below EGP 16, with expectations…
CBE concludes financing deal worth $2bn from international banks
The transaction bolsters the liquidity and amount of the foreign currency reserves,…