Central Bank of Egypt

CBE: Egypt’s annual headline inflation jumps 24.4% in December 2022
Business

CBE: Egypt’s annual headline inflation jumps 24.4% in December 2022

The Central Bank of Egypt (CBE) announced that the annual headline inflation rate jumped 24.4 percent in December 2022, compared…
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
Business

Egyptian pound tumbles to LE30 against US dollar, breaking all previous records

The Egyptian pound witnessed a historic low on Wednesday, hitting LE30 versus the US dollar in the money markets. Egypt…
US dollar exchange rate in Egypt on Tuesday
Business

US dollar exchange rate in Egypt on Tuesday

The price of the US dollar witnessed several consecutive rises in Egypt in the past few days, breaking the barrier of LE27…
CBE: Foreign reserve rises to $34 bln in December 2022
Egypt

CBE: Foreign reserve rises to $34 bln in December 2022

The Central Bank of Egypt (CBE) on Tuesday announced that the country’s foreign reserves rose by USD 470 million to…
US dollar price rises by 6 piasters Monday
Business

US dollar price rises by 6 piasters Monday

The price of the US dollar rose, officially, on Monday, by six piasters for purchase, and three piasters for sale.…
US dollar prices in Egypt on Thursday
Business

US dollar prices in Egypt on Thursday

On Thursday, the price of the US dollar stabilized in bank across Egypt. Tge dollar subsequently rose by two piasters…
US dollar price declines significantly on black market in Egypt
Business

US dollar price declines significantly on black market in Egypt

The exchange rate of the US dollar on the black market in Egypt declined significantly during the past days, losing…
CBE announces Jan 1st official holiday for banks
Egypt

CBE announces Jan 1st official holiday for banks

The Central Bank of Egypt announced in a statement, on Tuesday, that Sunday January 1, 2023, is an official holiday,…
NBE denies issuing savings certificates with a return of 20%
Business

NBE denies issuing savings certificates with a return of 20%

The Chairman of the Board of Directors of the National Bank of Egypt, Hisham Okasha, denied rumors regarding the bank…
CBE cancels fees on bank transfer and mobile wallet
Egypt

CBE cancels fees on bank transfer and mobile wallet

The Board of Directors of the Central Bank of Egypt has chosen to exempt customers dealing with electronic payment and…
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