Some banks raise interest on savings vessels after CBE decision, public banks to follow suit
Some banks operating in the local market have quickly raised the interest…
CBE launches hotline for complaints on malpractices in currency trading
The Central Bank of Egypt (CBE) launched a call centre hotline on…
IMF mission chief for Egypt welcomes CBE’s decision to float the Egyptian pound
The CBE decided to float the Egyptian pound on Thursday
Bank are free to price the US dollar: CBE
This comes after the CBE fully floated the exchange rate on Thursday…
US dollar registers EGP 14.3 for sale at private banks
The price of the euro against the national currency reached EGP 14.66…
Floating the Egyptian pound is an excellent step: Naguib Sawiris
Sawiris called on the Egyptian people to support the CBE's decision
CBE floats Egyptian pound, raises interest by 3%
The CBE decided on Thursday to let banks in the market set…
Economic Affairs Committee to propose exchange bureaux be obliged to deposit US dollars at CBE for 5 years
There are 91 currency exchange companies, some of which own 20 branches,…
Informal US dollar rate expected to drop if banks refrain from accepting foreign exchange
Current procedures by government, CBE target to reduce demands for US dollar, and we should work on increasing…