CBE
The discount rate was also kept at 18.75 percent.
The digital payments platform for small businesses, axis, launched its services in partnership with Visa. This is after the platform obtained a license from the Central Bank of Egypt (CBE) for its open-loop mobile wallet.
EG-FinCIRT's achievement is in line with the Central Bank's strategic focus on strengthening cyber security within the financial and banking sector
The T-bonds were offered in one installment at LE 1 billion with a three-year term.
Egypt’s Minister of Agriculture Elsayed al- Quseir, said that during the period from April 28 to May 3, 237K tons of corn and soybeans worth about $107 million, were released from ports, in an increase of 22,000 tons over last week.
Egypt’s tourism revenues recorded $7.3 billion jumping to 25.7 percent during the second half of 2022
The CBE attributed the hike in tourism revenues to the increase in the number of tourist nights by 27.2 percent on an annual basis, to record about 78.4 million nights, and the increase in the number of tourists coming to Egypt by 27.5 percent, to reach about 6.8 million tourists.
The remittances from Egyptian expatriates declined during the third quarter of 2022 (July-September) by 20.9 percent, recording $6.4 billion, down from $8.1 billion during the same quarter of 2021.
The T-bonds were offered in one installments with a variable return at LE 3 billion with a three-year term.
The T-bills were offered in two installments, with the first valued at LE 22.5 billion with a 91-day term.
The Central Bank said that work in banks will resume on the morning of Sunday, May 7.
The T-bills were offered in two installments, with the first valued at LE 16 billion with a 182-day term.
Abdullah explained that the central bank has been analyzing various models to understand the drivers behind inflation numbers.
The Central Bank said that work in banks will resume on the morning of Tuesday, April 18th.
Core inflation discounts or strips out certain categories that are considered more volatile.
The T-bonds were offered in one installments with a variable return at LE 1 billion with a three-year term.
Such indexes contribute to following upon development of services and financial products, the Bank said in a statement on Saturday.
The CBE decided to amend the time period for following up the gold proceeds and excluding some cases related to the proceeds of gold export operations.
The T-bills were offered in two installments, with the first valued at LE 16.5 billion with a 182-day term.
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
