Central Bank of Egypt

The Central Bank of Egypt (CBE) has issued new instructions regarding the management of operation risks at banks working in the Egyptian market.
Read More...

The Central Bank of Egypt (CBE) issued new instructions for banks to expedite the transfers denominated in the Egyptian pound as part of the country’s efforts towards digital transformation.
Read More...

The Central Bank of Egypt (CBE) decided to extend two initiatives to relieve the debt for defaulting companies and tourism businesses for a six-month period ending on 30 June 2021.
Read More...

The Egyptian Central Bank has released its latest Financial Stability Report for 2019, which takes a deep dive into a range of risk scenarios for Egypt and how they might be managed should they come…
Read More...

Egypt is aiming to achieve a 2 percent of initial surplus to GDP ratio in the current FY2020/2021 while attaining a 6.3 percent total budget deficit, according to the Central Bank of Egypt (CBE).
Read More...

The Central Bank of Egypt (CBE) decided extending the suspension of fees on cash withdrawals from ATMs and exempting clients from fees and commissions on banking transactions in Egyptian pounds until…
Read More...

The Central Bank of Egypt (CBE) also adjusted its inflation target to a range of 7% (+/- 2%) by 4Q2022, from a previous target range of 9% (+/- 3%), it said.
Read More...

he Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday to keep the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25…
Read More...

The World Bank is seeing Egypt the top recipient of remittances in the Middle East and North Africa region in 2020 to receive $24.4 billion
Read More...