Tag: CBE

Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts

The decision boosts confidence in the Egyptian economy, contributes to attracting more…

Hossam Mounir

CBE reveals foreign exchange status after flotation 

$8bn in remittances from Egyptian expats from November 2016 until the end…

Hossam Mounir

CBE likely to maintain current tight monetary stance to reduce inflationary pressures: IIF

Annual inflation rate to decline gradually to 18% by end of 2017,…

Elsayed Solyman

$6.6bn net foreign direct investments during first 9 months of FY 2017/2018

Foreign investments worth $10.8bn were injected into Egypt, $4.2bn outflow

Daily News Egypt

Central Bank of Egypt removes foreign currency transfer limits

The move could spur foreign investments to Egypt, says Tarek Amer

Elsayed Solyman

Banknote issuance to GDP increases to 12.68% in February: CBE

CBE issued banknotes of EGP 411.559bn in February, compared to EGP 405.416bn…

Hossam Mounir

Inflation likely to resume rally if government delivers on next round of austerity measures

Research houses expects prices to shoot up again with applying subsidy cuts…

Elsayed Solyman

CBE, EFSA sign agreement to enhance financial inclusion in Egypt

Sharm El-Sheikh will host an international conference on financial inclusion on 17…

Hossam Mounir

Egypt has paid $1.2bn of its foreign debts

$750m to foreign oil companies, $533m for Saudi dues 

Mohamed Ayyad

Egypt’s foreign exchange reserves reach new high since March 2011, thanks to new dollar bonds

The foreign exchange reserves increased to $31.1bn at the end of May…

Hossam Mounir