Central Bank

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.

CBE: Trade exchange between Egypt, world countries hit dlrs 65.6 bn in 9 months

Wed, 08 Aug 2018 - 02:50 GMT

The volume of trade exchange between Egypt and world countries hit dlrs 65.6 billion from July to March in the 2017-2018 FY against dlrs 60.3 billion in the same period in the 2016-2017 FY, the Central Bank of Egypt (CBE) said.

Remittances from Egyptian expats increase to $19.53 in 9 months

Thu, 28 Jun 2018 - 02:31 GMT

In February, Remittances from expatriate Egyptians rose by 11.6 percent year-on-year in February 2018 to stand at $2 billion, compared to $1.8 billion in February 2017.

Turkish lira weakens sharply

Thu, 24 May 2018 - 09:31 GMT

Turkey's lira weakened more than 2 percent on Thursday, giving up some of the hefty gains it made after the central bank raised interest rates

Remittances from Egyptian expats increase 11.6% YoY in February

Sun, 13 May 2018 - 03:22 GMT

Remittances from expatriate Egyptians rose by 11.6 percent year-on-year in February 2018 to stand at $2 billion.

CBE expected to cut interest rates Thursday

Thu, 29 Mar 2018 - 08:00 GMT

The Central Bank of Egypt is expected to cut interest rates in today’s Monetary Policy Committee (MPC) meeting.

Central Bank issues LE 16B in T-bills Sunday

Sat, 24 Feb 2018 - 02:51 GMT

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is scheduled to issue LE 16 billion in treasury bills on Sunday.

Egypt to start talks with European banks to issue 1-1.5B euro in Eurobonds

Wed, 14 Feb 2018 - 10:43 GMT

Egypt will start talks this month with European banks to issue euro denominated Eurobonds, Finance Minister Amr el-Garhy told Reuters Wednesday.

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