Tag: CBE

Egypt, IMF to postpone unifying exchange rate until first tranche of loan arrives

Government moving quickly towards loan, while mission concerned about Cairo's ability to…

Mohamed Ayyad Mohamed Ayyad

Abdul Aal demands bill from MPs to cancel exchange companies

Parliament increased the penalties on those who change US dollar price on…

Daily News Egypt Daily News Egypt

Return to normal demand on US dollar in informal market

CBE allocates the value of Tuesday’s tender to cover imports of medicines,…

Hossam Mounir Hossam Mounir

Egypt pays $2.25bn of external debt in July: CBE

Foreign exchange reserves dropped $2bn in July, reaching lowest point since January…

Hossam Mounir Hossam Mounir

Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire

Banque du Caire, along with all state-owned banks, does not obtain its…

Hossam Mounir Hossam Mounir

Stabilising US dollar exchange rate, CBE confuses dollar holders once again

The CBE directed banks to allocate foreign currency for imports of medication

Hossam Mounir Hossam Mounir

Financial stability is a key priority at the IMF, says Al-Mashat

Rania Al-Mashat talks to Daily News Egypt as she assumes new role…

Hossam Mounir Hossam Mounir

Interest rates for deposits set at 11.75%, lending at 12.75%: Monetary Policy Committee

The committee’s decision comes in an effort to control the rising rate…

Daily News Egypt Daily News Egypt

Pro-SME strategy is an aeroplane without wings

Despite increasing focus by the government and the Central Bank of Egypt…

Daily News Egypt Daily News Egypt