News

Egyptian Expat Remittances Surge To $20Bn In First 7 Months Of FY2024/25: CBE
The Central Bank of Egypt (CBE) has announced that remittances from Egyptians working abroad rose by 81% during the first ...
Hebdo Ahram1mon
Egyptian pound exchange rate rises to EGP 50.91 against US dollar: CBE
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 ...
Ahram Online9d
Will Central Bank of Egypt ease monetary policy tightening cycle?
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is anticipated to review the key interest rates on ...
ZAWYA16d
No intervention in foreign exchange market; it operates freely: CBE’s Deputy Governor
Net foreign assets have turned positive, recording a surplus of $10bln, compared to a deficit of $29bln in January 2024 ...
ZAWYA1mon
Egypt's CBE likely to cut interest rates in April as inflation drops: NBK
Arab Finance: The Central Bank of Egypt (CBE) is expected to start cutting interest rates during its next meeting in April, ...
Egypt Independent20d
Central Bank of Egypt announces increase in net foreign assets
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 ...