“Unifying the exchange rate is a very important measure, as it contributes to eliminating the accumulation of foreign currency demand following the closure of the gap between the official and parallel ...

The Monetary Policy Committee of the CBE decided on Wednesday to allow the exchange rate to be determined according to market mechanisms. In a Wednesday statement, the committee explained that this ...

(MENAFN - Daily News Egypt) The Central bank of Egypt (CBE) stabilised the US dollar exchange rate against the Egyptian pound at EGP 8.78 in its tender on Tuesday.

The CBE might perceive that the inflation rate did decline from 35.7 percent year-over-year (YoY) in February 2024 to 24 percent YoY in January 2025, and will fall by about 10 percent in February ...

The discussions also covered measures to expand financing opportunities for the private sector as a driver of economic growth ...

Moreover, the foreign exchange (FX) rate in Egypt has fluctuated over the past two weeks, currently standing at EGP 51.22/$1, up from EGP 49.6/$1.

According to the CBE, the average euro rate at the Egyptian market registered EGP 33.56 for buying and EGP 33.72 for selling. The pound sterling at the NBE and Banque Misr registered EGP 38.93 for ...

Central Bank of Egypt (CBE) Governor Hassan Abdullah said the CBE plans to launch an EGP index, including a basket of hard currencies and gold, to track the exchange rate dynamics noting that the ...

Earlier this month, the CBE reported a decline in the annual core inflation rate to 23.7% in November 2024, down from 24.4% in October.