Central Bank

Egyptian Pound Stabilization Reflects Central Bank's Resolve to Tackle Inflation: BMI

Wed, 06 Mar 2024 - 08:02 GMT

BMI – A Fitch Solutions Company highlighted that with inflation potentially easing to below 25% on a yearly basis in February.

Banking sector sees significant increase in total bank deposits in August, CBE

Sun, 10 Dec 2023 - 05:07 GMT

Local currency deposits climbed by 15.1 percent, foreign currency deposits surged by 77.9 percent, and foreign currency deposits amounted to 21.01 percent of total bank deposits in August 2023.

Egypt, UAE sign current swap agreement

Thu, 28 Sep 2023 - 02:19 GMT

The agreement allows both parties to exchange local currencies up to a nominal value of 5 billion Emirati dirhams and LE 42 billion.

Central Bank takes steps to overcome economic impact of COVID-19, war in Ukraine

Sun, 16 Apr 2023 - 02:43 GMT

Abdullah explained that the central bank has been analyzing various models to understand the drivers behind inflation numbers.

National Bank of Egypt, Banque Misr release certificates of 22-16%

Sun, 02 Apr 2023 - 10:44 GMT

The National Bank of Egypt and Banque Misr announced Sunday two savings certificates of three years, reflecting the positive outlook on lower interest rates in the upcoming period.

UPDATED: Dollar price records unprecedented rise, drop during Wednesday trading

Wed, 11 Jan 2023 - 12:10 GMT

While the Central Bank leaves prices setting according to the mechanisms of supply and demand, without any intervention to support the value of the local currency.

Hisham Ezz El Arab quits post at Central Bank, re-joins CIB as board member

Tue, 22 Nov 2022 - 03:32 GMT

The famed banker had resigned from his position as the CEO of CIB in October 2020.

Egyptian government offers 100K residential units to be purchased through Central Bank's initiative

Sun, 15 Aug 2021 - 02:15 GMT

Application began on August 15 and will last until September 9.

Why did the Central Bank of Egypt prevent travelers from carrying more than LE 5,000?

Mon, 05 Oct 2020 - 10:15 GMT

What is the purpose of this law?

Egypt's central bank cuts interest rates by 0.5%

Thu, 24 Sep 2020 - 08:44 GMT

The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday to cut the overnight deposit rate, overnight lending rate, and the rate of the main operation by 50 basis points to 8.75 percent, 9.75 percent, and 9.25 percent, respectively.

Egyptian expats’ remittances witness steady increase

Tue, 22 Sep 2020 - 06:36 GMT

The Egyptian Central Bank said on Tuesday that The Egyptian expats’ remittance increased 9.4 percent at $2.6 bn during July.

CBE measures relieves coronavirus negative impacts says economist

Sat, 11 Apr 2020 - 04:39 GMT

The crises have always been a proof of the resilience of states and institutions in the face of challenges, topped by devising plans to overcome any future headwinds.

PM issues decree restructuring economic ministerial committee

Fri, 27 Dec 2019 - 03:38 GMT

Prime Minister Moustafa Madbouli issued a decree on Friday to amend article no. 3371 of 2016 in order to re-organize the economic ministerial committee.

Euro zone bond yields jump as Sweden ditches negative interest rates

Thu, 19 Dec 2019 - 11:33 GMT

That rebound coincides with improved economic data and signals from major central banks that they are on pause for now.

US imposes sanctions on Iran's Central Bank

Sat, 21 Sep 2019 - 01:18 GMT

US President Donald Trump on Friday said he has ordered sanctions on Iran’s central bank at "the highest level," CNBC reported.

How Venezuela turns its useless bank notes into gold

Fri, 22 Feb 2019 - 10:28 GMT

Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.

ECB rate move hinges on downturn's duration: Villeroy

Sun, 17 Feb 2019 - 09:53 GMT

The timing of the European Central Bank’s first post-crisis rate hike hinges on whether the euro zone’s current slowdown is a blip or a more protracted downturn.

Trump has discussed firing U.S. Federal Reserve chairman Powell

Sat, 22 Dec 2018 - 10:41 GMT

U.S. President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell, Bloomberg reported on Saturday, citing sources.

Egypt sells 695.10 million euros in one-year Euro-denominated T-bills - c.bank

Mon, 12 Nov 2018 - 02:58 GMT

Egypt’s central bank sold 695.10 million euros in one-year euro-denominated treasury bills on Monday at an average yield of 1.75 percent, data from the bank showed.

Turkish lira pulls back from record low after central bank frees up liquidity

Mon, 13 Aug 2018 - 08:42 GMT

Finance Minister Albayrak said in an interview published late on Sunday that Turkey has drafted a economic action plan and will start implementing it to ease investor concerns.