Tag: Central Bank of Egypt

CBE to remove dollar deposit limits over upcoming months: IMF

The fund’s board votes on the Egyptian economy’s first review within weeks

El Husseiny Hassan El Husseiny Hassan

Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts

The decision boosts confidence in the Egyptian economy, contributes to attracting more…

Hossam Mounir Hossam Mounir

CBE reveals foreign exchange status after flotation 

$8bn in remittances from Egyptian expats from November 2016 until the end…

Hossam Mounir Hossam Mounir

CBE likely to maintain current tight monetary stance to reduce inflationary pressures: IIF

Annual inflation rate to decline gradually to 18% by end of 2017,…

Elsayed Solyman Elsayed Solyman

$6.6bn net foreign direct investments during first 9 months of FY 2017/2018

Foreign investments worth $10.8bn were injected into Egypt, $4.2bn outflow

Daily News Egypt Daily News Egypt

Central Bank of Egypt removes foreign currency transfer limits

The move could spur foreign investments to Egypt, says Tarek Amer

Elsayed Solyman Elsayed Solyman

Inflation likely to resume rally if government delivers on next round of austerity measures

Research houses expects prices to shoot up again with applying subsidy cuts…

Elsayed Solyman Elsayed Solyman

Egypt has paid $1.2bn of its foreign debts

$750m to foreign oil companies, $533m for Saudi dues 

Mohamed Ayyad Mohamed Ayyad

We have not issued any instructions to banks to stop dealing in Qatari riyal: CBE 

The Central Bank of Egypt (CBE) denied issuing any instructions to banks…

Daily News Egypt Daily News Egypt

Egypt’s foreign exchange reserves reach new high

The foreign exchange reserves increased to $31.1bn at the end of May…

Hossam Mounir Hossam Mounir