CBE excludes rice, beans, lentils imports from cash cover

Sun, 13 Mar 2022 - 05:54 GMT

In 2015, the CBE required all importers to fully cover import letters of credit (LC) at banks at the time of opening them.

Banking sector holds over LE 1T of cash liquidity: CBE

Mon, 27 Apr 2020 - 11:53 GMT

This gave a boost to both the public and private sectors during the coronavirus crisis, Amer noted.

High-efficiency of cash dispensers is urged - CBE

Thu, 23 Apr 2020 - 12:41 GMT

In a statement, the central bank also underlined the importance of sterilizing all cash dispensers on a periodical basis as part of precautionary measures against COVID-19.

Cash circulation costs LE94B annually

Wed, 06 Nov 2019 - 12:54 GMT

The Central Bank aims to reach 3 million points of sale in the next three years while the current number is only 92,000, according to Nasr.

Coin machine installed in main post office

Wed, 05 Jun 2019 - 11:58 GMT

The Mint Authority announced on Wednesday installing a machine to change cash for coin in the main post office in Ataba.

Attempt to smuggle LE1.16M foiled in airport

Sun, 03 Mar 2019 - 10:32 GMT

Passengers are allowed to carry up to LE5,000, or $10,000 or the equivalent in freely convertible currency.

Foreign Ministry clarifies new Sudanese cash, customs rules

Sat, 02 Mar 2019 - 09:57 GMT

Ministry of Foreign Affairs clarified in a statement on Friday new cash and customs rules travelers to Sudan must abide by to avoid any legal repercussions.

Brexit hopes keep sterling, euro bid; dollar bulls take a breather

Wed, 14 Nov 2018 - 09:32 GMT

The rise in the euro and sterling led investors to take profits on the U.S. dollar, which has retraced from a 16-month high.

Cash Programs more effective in food availability crisis

Thu, 02 Aug 2018 - 10:04 GMT

With Egypt’s location so close to many of the locations that often receive aid from countries all around the world, it is important to understand different effects they have.

Exchange rate floating attracts $80B to banks in Egypt

Sun, 29 Apr 2018 - 10:03 GMT

Cash flow to banks in Egypt has increased since the exchange rate liberation to $80 billion.

Egypt's M2 money supply up 40.1 pct year-on year in August: CBE

Thu, 28 Sep 2017 - 02:48 GMT

Money supply stood at 3.01 trillion Egyptian pounds ($171 billion), the bank said.

Pound's liquidity, near money jumps LE 778B, LE 664B in April

Mon, 04 Sep 2017 - 11:24 GMT

The monetary supply leveled up to LE 654.2 billion in April 2017 compared to LE 540.2 billion in April 2016.