Tag: Central Bank Egypt

Egypt’s central bank raises interest rates by 2% to tame inflation 

Egypt's central bank hiked key interest rates by 2% on Thursday, aiming…

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CBE pays Afreximbank $2bn 

Foreign exchange reserves continue to rise, reached $36.723bn at end November 2017

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Allocations for petroleum product subsidies expected to increase after floating the Egyptian pound

Allocations for petroleum product subsidies expected to exceed previous amount of EGP…

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US dollar registers EGP 14.3 for sale at private banks

The price of the euro against the national currency reached EGP 14.66…

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CBE floats Egyptian pound, raises interest by 3%

The CBE decided on Thursday to let banks in the market set…

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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…

Hossam Mounir Hossam Mounir

Banks working to prevent customer manipulation on electronic payment cards abroad

New controls and shortening limits on card usage are being implemented to…

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