The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is anticipated to review the key interest rates on ...

Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt (CBE), confirmed that the bank is not intervening in the ...

The CBE reported closing foreign exchange rates of EGP 50.91/$1 for buying and EGP 50.77/$1 for selling. Last Thursday, the pound exchange rate exceeded EGP 50 against the US dollar for the first ...

Asharq Al Awsat Egypt’s net foreign assets (NFAs) increased by $1.48 billion in February, marking the second monthly rise this year following consecutive declines in the final three months of 2024, ...

thus stabilizing the exchange market and the Egyptian pound’s exchange rate against other currencies. The CBE said that the banking system’s total foreign assets rose to $72.04 billion by the end of ...

A key part of our strategy was allowing the exchange rate to act as a shock absorber ... emphasizing that it remains central to the CBE’s monetary policy. He began by acknowledging the severity of ...