CBE

CBE warns against cryptocurrency dealings in Egypt
Business

CBE warns against cryptocurrency dealings in Egypt

The Central Bank of Egypt (CBE) is following up the phenomenon of cryptocurrency trading through some regional and international platforms,…
Net foreign reserves record $33.141 bln at end of August
Economy

Net foreign reserves record $33.141 bln at end of August

The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Economists explain recent CBE decision on cash deposit, withdrawal limits
Business

Economists explain recent CBE decision on cash deposit, withdrawal limits

The Central Bank of Egypt’s decision to cancel the maximum deposit limit and increase the maximum daily withdrawal limit from…
CBE raises maximum withdrawal limit from bank branches to LE150,000
Business

CBE raises maximum withdrawal limit from bank branches to LE150,000

Central Bank of Egypt (CBE) raised the maximum daily withdrawal limit for individuals and companies from bank branches from LE50,000…
Senior economist expects IMF loan to Egypt to be approved soon
Business

Senior economist expects IMF loan to Egypt to be approved soon

Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…
Sisi appoints Hassan Abdullah as acting governor of CBE
Business

Sisi appoints Hassan Abdullah as acting governor of CBE

President Abdel Fattah al-Sisi issued a decree appointing Hassan Abdullah, Chairman of the Board of Directors of the United Company,…
US dollar price stabilizes in mid-trading on Tuesday
Business

US dollar price stabilizes in mid-trading on Tuesday

The price of the US dollar stabilized in mid-trading, on Tuesday, August 16, as the average price of the dollar…
US dollar price approaches LE19 at Egyptian banks
Business

US dollar price approaches LE19 at Egyptian banks

The euro price at the Central Bank of Egypt exceeded LE19, recording on Friday LE19.1145 for purchase, and LE 19.2016…
Economists praise launch of polymer currency in Egypt
Business

Economists praise launch of polymer currency in Egypt

Two expert economists praised the Central Bank of Egypt (CBE)’s step of issuing polymer currency of the LE10 denomination as…
Will the CBE raise interest rate on Thursday?
Business

Will the CBE raise interest rate on Thursday?

Whether the Central Bank of Egypt will raise the interest rate in Egypt during ts Thursday meeting is a question…
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