Tag: CBE

Amer denies plans to devalue Egyptian pound after its price falls in informal market

While the dollar is scarce, trader's speculation has also driven inflation, says…

Hossam Mounir

International purchase of treasury bills falls to lowest since 2011: CBE report

The CBE will institute a hedging mechanism with a unified dollar exchange…

Hossam Mounir

CBE revises mechanism of US dollar allocation

The CBE allocated $120m to banks on Tuesday to finance the import…

Hossam Mounir

NBE loans EGP 1bn to 1,734 micro and small-sized enterprises in February, March 2016

The bank provided EGP 23.4bn to 48,000 SMEs through of March 2016

Hossam Mounir

Prime Holding publishes recommendations on reducing Egypt’s $60bn import bill

Egypt can reduce its value of imports by $20bn, the paper suggests

Daily News Egypt

Banking expert warns against further EGP devaluation, unless CBE is prepared

The CBE should have enough dollar liquidity to control the market, otherwise…

Hossam Mounir

Analysts expect further EGP devaluation against dollar

Analysts cannot predict the timing and percentage of devaluation

Hossam Mounir

CBE assigns $120m for importation of food commodities before Ramadan

This move comes within the framework of the bank's readiness to meet…

Hossam Mounir

CBE amends import regulations

The CBE said the new decision attempt to address the need for…

Hossam Mounir