Central Bank of Egypt (CBE)

The Central Bank of Egypt (CBE) announced on Thursday that it would begin the process of gradually repealing the use of letters of credit for import finance system, ensuring the completion of removal…
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The Central Bank of Egypt on Thursday raised interest rates by 200 basis points in a special meeting of its monetary policy committee (MPC).
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The Governor of the Central Bank of Egypt (CBE) Hassan Abdalla, will review Egypt’s monetary policies in light of global developments, on Sunday, during the third session on the first day of the…
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Egypt’s central bank will allow new currency derivatives to unlock liquidity in the local market, making available instruments to hedge against risks to the pound currency after it drops against the…
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Within the framework of the efforts exerted on a national level to support the economic empowerment of citizens and Micro, Small and Medium enterprises (MSMEs), and in line with the Sustainable…
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Banks now have until 14 September 2023 to comply with the new capital requirements required by the 2020 Banking Act after the central bank agreed to extend the deadline by another year, according to a…
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The Central Bank of Egypt (CBE) has relaxed restrictions on the use of foreign currencies for imports in a bid to ease the buildup of goods at ports, according to a document circulating among banks.
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Central Bank of Egypt Acting Governor Hassan Abdalla has appointed Hisham Ezz Al-Arab, the former president of the Commercial International Bank (CIB), and Mohamed Naguib, the former head of the saib…
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Egyptian expats’ remittance inflows to Egypt grew in FY2021/2022 by 1.6 percent to post $31.9 billion, up from $31.4 billion recorded in FY2020/2021, the Central Bank of Egypt (CBE) announced on…
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Egypt’s central bank has on Thursday surprisingly  decided to keep its key interest rates unchanged for the second policy meeting in a row, confounding economists who had forecast it would raise them.
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