Tag: Central Bank of Egypt

Egypt obtains pledges worth $16.3bn for financing economic reforms during FY 2016/2017

Tarek Amer said that those countries include seven leading industrial countries and…

Hossam Mounir

Impact of the Egyptian pound’s flotation will be measured in the coming days: experts

The CBE announced on Thursday that it would float the Egyptian pound,…

Hisham Salah

CBE will not hold exceptional tender Thursday: Genena

The CBE's governor said foreign exchange reserves will not be used, described…

Mohamed Ayyad

CBE instructs exchange bureaux to buy US dollars at EGP 13, sell at EGP 14.35

Exchange bureaux companies operating in the Egyptian market began on Thursday morning…

Hossam Mounir

CBE poses exceptional tender for $100m

The tender will cover open currency positions in foreign currency at banks

Hossam Mounir

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,…

Abdel Razek Al-Shuwekhi

Government to determine commodity profit margins with FEDCOC, FEI next week: Prime Minister

Government in full coordination with CBE to overcome the US dollar crisis

Daily News Egypt

33 banks offer investments worth EGP 278.85bn in CBE’s deposit operation

Thirty-three banks operating in the domestic market offered investments worth EGP 278.85bn…

Hossam Mounir

State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE

Banking sector accounts for 77% of total outstanding balances of bills

Hossam Mounir

Domestic public debt jumps to EGP 2.612tr as of end of June: CBE

The government’s net debt amounted to EGP 2.286tr during FY 2015/2016, an…

Hossam Mounir