The Central Bank of Egypt

Egyptian abroad remittances record $2.7B in May 2024: CBE

Mon, 08 Jul 2024 - 03:33 GMT

Various international financial institutions and development partners have also pledged their support to bolster Egypt’s economy.

Egypt's central bank cancels MPC's scheduled meeting on March 28

Wed, 20 Mar 2024 - 02:49 GMT

On March 6, the CBE raised the overnight deposit rate, the overnight lending rate, and the rate of the main operation in a special meeting by 600 basis points to reach 27.25 percent, 28.25 percent, and 27.75 percent, respectively.

Egypt's annual core inflation records 40.7% in July: CBE

Thu, 10 Aug 2023 - 02:56 GMT

Core inflation discounts or strips out certain categories that are considered more volatile.

Egypt, Angola to strengthen bilateral cooperation in the housing sector

Sun, 07 May 2023 - 11:26 GMT

Gregório’s visit will focus essentially on the new political-administrative centers, construction of highways and new urban centers.

Egypt's central bank issues LE 30B in T-bills Thursday

Thu, 01 Sep 2022 - 02:15 GMT

The T-bills were offered in two installments, with the first valued at LE 14.5 billion with a 182-day term.

Egypt's central bank for Egyptian pound holder to be winner in medium term

Wed, 18 May 2022 - 02:50 GMT

"The exchange rate was corrected due to the Ukrainian war in March and as a result foreign exchange earnings increased,” the CBE’s governor stated.

Egypt’s central bank issues €690M on euro-dominated T-bills

Thu, 05 Nov 2020 - 11:57 GMT

The Central Bank of Egypt (CBE) is set to issue €690 million in euro-dominated treasury bills (T-bills) on Monday, Nov. 9.

CBE: Total volume of CCC credit guarantee scheme portfolio hit EGP 30.8 bln in July

Thu, 22 Oct 2020 - 10:37 GMT

The Central Bank of Egypt (CBE) announced Wednesday over a threefold increase in the total volume of the portfolio of the credit guarantee scheme provided by the Credit Guarantee Company (CCC).

Egypt's central bank issues LE 9.25B in T-bonds Monday

Mon, 17 Aug 2020 - 09:48 GMT

The T-bonds were offered in two installments, with the first valued at LE 1.25 billion with a two-year term.

Egypt's central bank statement on unchanged interest rates

Thu, 25 Jun 2020 - 04:45 GMT

MPC attributed the reasons behind keeping the rates unchanged for the third consecutive meeting in a statement.

CBE: Egypt's domestic liquidity rises to LE 4.140T by end of January

Mon, 23 Mar 2020 - 02:02 GMT

The surge in quasi-money came as a result of the rise in non-current deposits in local currency by LE 287.8billion at an average of 12.9 percent.

CBE issues LE 7.5B in T-bonds Monday

Mon, 23 Mar 2020 - 11:36 GMT

The T-bonds were offered in two installments, with the first valued at LE 4 billion with a five-year term.

CBE: Foreign currency reserves up by $37M in January

Thu, 06 Feb 2020 - 05:16 GMT

In December, the country's foreign reserves registered $45.419 billion, the CBE added.

CBE to issue LE 19B in T-bills Thursday

Thu, 19 Sep 2019 - 10:24 GMT

The T-bills will be offered in two installments; the first installment is valued at LE 9.5 billion with a 357-day term.

CBE to issue LE 18.75B in T-bills Sunday

Sun, 25 Aug 2019 - 10:27 GMT

The T-bills will be offered in two installments; the first installment is valued at LE 9 billion with a 91-day term.

CBE keeps interest rates unchanged during March

Thu, 28 Mar 2019 - 05:48 GMT

The Monetary Policy Committee of the Central Bank of Egypt kept the overnight deposit rate and the overnight lending rate at 15.75 percent and 16.75 percent, respectively.

Mastercard, CBE to host the 1st Cybersecurity Forum in Cairo

Mon, 25 Feb 2019 - 01:29 GMT

The Forum will gather leading cybersecurity experts to discuss ways to build a robust and resilient financial ecosystem in the country

Egypt’s foreign reserves hit $44.513B by end of November

Tue, 04 Dec 2018 - 04:26 GMT

Minister of Finance Mohamed Ma’it said previously this week that foreign reserves hit $44.5 billion, which covers the imports for 9 months, saying that it’s an unprecedented period.

CBE to issue $1.7B in T-bills Sunday

Mon, 19 Nov 2018 - 10:12 GMT

Foreign investments in the Egyptian government debt instruments recorded $23.1 billion by the end of March 2018, up from about $20 billion in December.

Remittances from Egyptian expats reach $5.9B in Q1 2018/19

Mon, 19 Nov 2018 - 08:38 GMT

Remittances of expatriates hit $1.8 billion during September, compared to $1.5 billion during the same month of the prior year, with an increase of $298 million.