Tag: Central Bank of Egypt

International foreign reserves ends in 2015 with a slight increase

CBE's international foreign reserves increase by $23m at the end of December

Hossam Mounir

Government plans to borrow EGP 281.5bn from banks in next three months

Banks account for 75.5% of total releases of treasury bills and the…

Hossam Mounir

Stock market expected to decline due to increase in interest rates

Stock exchange to face short wave of profits as a result of…

Mohamed Ahmed

Egypt suffers under weight of excessive importing: Deputy CBE Governor

We spent $76bn on imports last year, of which $16bn did not…

Hossam Mounir

CBE pumped $8.3bn to cover imports between 29 October and 12 December: Amer

The Central Bank of Egypt (CBE) has pumped $8.3bn between 29 October…

Hossam Mounir

Annual inflation rises to 11.8% YoY in November

Figure compares to 8.5% registered in the same period the preceding year

Menna Samir

External debt drops $2bn over 3 months

Rate of increase in bank loans outstrips deposits for first time ever

Hossam Mounir

Banks adopt strict measures to issue new letters of credit

The CBE evaluates the banks' cooperation in providing the foreign currency through…

Hossam Mounir

Amer seeks banks’ support to overcome dollar shortages

Official letter calls for banks to maximise foreign exchange, working with foreign…

Hossam Mounir