Tag: Local currency

Gold demand drops during Eid al-Fitr, defying holiday trends: FEI official

Ehab Wassef, Head of the Gold and Precious Metals Division at the…

Daily News Egypt

AliExpress expands local currency payment options for shoppers in Egypt, across Africa

AliExpress, the global online retail marketplace, has announced a major expansion in…

Daily News Egypt

Foreign asset surplus in Egypt’s banking sector reaches $5.2bn in 2024

The Central Bank of Egypt (CBE) reported that the net foreign assets…

Hossam Mounir

CBE reports increase in foreign assets surplus to $11.8bn in November 2024

The Central Bank of Egypt (CBE) announced a net foreign assets surplus…

Hossam Mounir

Foreign assets in Egyptian banking sector reach $9.2bn in October 2024: CBE

The Central Bank of Egypt (CBE) has announced that the Egyptian banking…

Hossam Mounir

Banking sector’s net foreign assets record $10.3bn surplus in September: CBE

The Central Bank of Egypt (CBE) revealed that the net foreign assets…

Hossam Mounir

CBE’s net foreign assets achieve $10.4bn surplus in September

The Central Bank of Egypt (CBE) revealed that its net foreign assets…

Hossam Mounir

Non-governmental bank deposits in local currency increase by EGP 193bn in March 2022

Deposits in foreign currencies also increase to EGP 808.372bn

Hossam Mounir

Local currency non-governmental bank deposits grow to EGP 4.38trn in November 2021: CBE

In a recent report, the CBE explained that deposits in local currency…

Hossam El-Din Talaat

Egypt sees EGP 104.191bn increase in local currency bank deposits during March 2021: CBE

Foreign currency deposits see stability, while volume of foreign assets at CBE…

Hossam Mounir