Tag: The Central Bank of Egypt

CBE launches hotline for complaints on malpractices in currency trading

The Central Bank of Egypt (CBE) launched a call centre hotline on…

Hossam Mounir

Parliament approves Agriculture Bank Law, moving the bank under CBE’s authority

The Egyptian parliament approved a law that would oversee the transfer of…

Hossam Mounir

CBE launches its regular auction with $120m, fixes US dollar at EGP 8.78

The Central Bank of Egypt (CBE) launched on Tuesday its regular weekly…

Hossam Mounir

CBE launches its regular auction with $120m, fixes US dollar at EGP 8.78

The Central Bank of Egypt (CBE) launched Tuesday its regular weekly auction…

Hossam Mounir

State treasury receives EGP 24.92bn from CBE’s total profits in FY 2015/2016 ending in June

According to the CBE’s financial statements approved on 20 September, the bank's…

Hossam Mounir

CBE vows to ‘punish’ banks lagging behind in SME support

The Central Bank of Egypt (CBE) vowed to punish banks that lagged…

Hossam Mounir

Would drop in reserves delay floating of EGP despite IMF report?

The timing of this move is in the hands of the CBE…

Hossam Mounir

CBE stabilises US dollar exchange rate causing confusion in market

The higher inflation rate caused the CBE to postpone another devaluation of…

Hossam Mounir

Banks begin monitoring debit card transactions abroad

Misused debit cards will be suspended immediately, says the head of one…

Hossam Mounir