Tag: CBE

Dollar falls to its lowest level in two months, settles below EGP 18

Banks see clients disposing USD, further decline in the pipeline, says chairperson…

Hossam Mounir

Usage of cards abroad dropped by 55% following flotation: CBE

Egyptians usage of cards abroad dropped by a value of $223m in…

Hossam Mounir

Net foreign purchases of T-bills jump to $1.15bn in January

Foreign investments in debt instruments is one of the most important sources…

Hossam Mounir

$4.5bn net inflows received by CBE in January 2017: official

Difficult reforms have been taken already, no intention to raise field prices…

Mohamed Ayyad

CBE launches initiative to renovate floating hotels and tourism fleets with EGP 5bn, 10% interest

The Central Bank of Egypt (CBE) launched an initiative to subsidise the…

Hossam Mounir

Banks operating in Egypt record EGP 56bn net profits in 2016: CBE

The Egyptian banking sector is powerful and capable of overcoming the effects…

Hossam Mounir

Egyptian remittances amount to $4.6bn in Q4 2016: CBE

Total remittances sent home from Egyptians working abroad rose during the period…

Hossam Mounir

Gold value increases to $2.45bn in foreign exchange reserves by late January 2017

A report published by the CBE on Sunday revealed that foreign exchange…

Hossam Mounir

International reserves reach $26.363bn in January, increase by $2.1bn 

The Central Bank of Egypt has announced on Sunday that Egypt’s international…

Mohamed Samir

IDWBE negotiates with international companies to reform administrative structure

I assumed chairmanship of the bank in April 2016 with deferred losses…

Hossam Mounir