Central Bank of Egypt
The CBE’s decision comes in light with Fitch credit rating agency’s expectations that the central bank would raise interest rates at the Monetary Policy Committee’s meeting.
He added during the 2022 Arab Banking Conference that the capital adequacy standard recorded 25.5 percent by the end of December 2021, compared to 14.5 percent in 2017, while the global average for the capital adequacy standard recorded 12 percent.
The network of the NGFS includes, in its membership, 114 members of the supervisory bodies of the financial and banking sectors in the world, which include central banks, bank associations and financial regulators from around the world, according to the CBE.
The CBE clarified that the remittances increased by 44.4 percent on a monthly basis which recorded $2.3 billion in February 2022.
Core inflation discounts or strips out certain categories that are considered more volatile.
The Central Bank of Egypt (CBE) has issued the main indicators of financial inclusion, which contribute to following up on the development of the use of financial services and products for all segments of society in a way that supports achieving sustainable growth and economic stability.
Long-term debt represented the largest share of debt, amounting to $132.7 billion at the end of the second quarter of the current fiscal year, compared to $125.939 billion in the previous quarter of the same year, according to CBE data.
The cabinet approved Wednesday a draft law amending some provisions of the Anti-Money Laundering Law promulgated by Law No. 80 of 2002.
Prime Minister Mostafa Madbouli presided on Tuesday over a meeting to follow up on the provision of strategic goods and production materials to the domestic market.
The bourse will resume its operations on April 26, according to a statement released on Tuesday.
The T-bonds were offered in two installments, with the first valued at LE 4.5 billion with a 1.5-year term
The T-bills were offered in two installments, with the first valued at LE 12.5 billion with a 182-day term.
Core inflation discounts or strips out certain categories that are considered more volatile.
The T-bonds were offered in two installments, with the first valued at LE 4.5 billion with a 1.5-year term.
The platform aims to enable Arab banks to receive and send bank transfers to and from the participating Arab countries within the Buna platform for Arab payments in different Arab currencies in addition to other international currencies.
This came in implementation of directives by Saudi King Salman bin Abdulaziz Al Saud and Crown Prince Mohamed Bin Salman, the Saudi Press Agency (SPA) reported.
Employees will work from 9 am until 2 pm daily, the CBE said in a statement on Monday.
The T-bonds were offered in four installments, with the first valued at LE 2 billion with a three-year term.
The discount rate was also raised by 100 bps to 9.75 percent.
The T-bills were offered in two installments, with the first valued at LE 13 billion with a 182-day term.
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