Tag: Central Bank of Egypt

Government plans to borrow EGP 324.5bn in Q2 of FY 2016/2017

Launch of treasury bills tenders for EGP 300.25bn, bonds worth EGP 24.25bn…

Hossam Mounir Hossam Mounir

CBE ends week without changing price of the Egyptian pound

The Central Bank of Egypt also did not hold an exceptional auction…

Hossam Mounir Hossam Mounir

CBE pledges to provide US dollars to import basic commodities for 6 months

The money will be used to import 200,000 tonnes of oil, 60,000…

Mohamed Ayyad Mohamed Ayyad

Contrary to market expectations, CBE fixes US dollar price in its regular auction

The bank directed the auctioned US dollar to cover imports of pharmaceutical…

Hossam Mounir Hossam Mounir

Local market holds breath in anticipation of large devaluation of Egyptian pound

CBE may either offer exceptional US dollar tender or direct banks to…

Hossam Mounir Hossam Mounir

President Al-Sisi meets with CBE’s Governor

Amer said during the meeting that the initial agreement reached between Egypt…

Daily News Egypt Daily News Egypt

CBE did not submit data we requested on EGP 200bn initiative: parliament SMEs Committee

We have yet to know the total allocated amounts and the map…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

The CBE’s strategy to encircle imports failed to save dollars

Egypt’s economy is linked to a number of imported raw materials, says…

El Husseiny Hassan El Husseiny Hassan