Central Bank of Egypt

Egypt's central bank issues LE 21.5B in T-bills Sunday

Sun, 25 Sep 2022 - 01:32 GMT

The T-bills were offered in two installments, with the first valued at LE 14 billion with a 91-day term.

Reasons behind Egypt's central bank keeping interest rate unchanged

Thu, 22 Sep 2022 - 07:54 GMT

Al Ahly Pharos Securities Brokerage stated that the inflation as a sole factor did not urge the CBE to raise the interest rates.

Egypt's central bank keeps interest rates on hold, raises reserve ratio to 18%

Thu, 22 Sep 2022 - 06:06 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold at 11.25 percent, 12.25 percent, and 11.75 percent, respectively. The discount rate was also kept unchanged at 11.75 percent.

Egypt's central bank issues LE 31.5B in T-bills Thursday

Thu, 22 Sep 2022 - 01:56 GMT

The T-bonds were offered in two installments, with the first valued at LE 15 billion with a 182-day term.

Egypt's central bank issues new instructions to facilitate import process

Tue, 20 Sep 2022 - 03:06 GMT

The CBE also excluded the foreign component from opening a documentary credit in the case of electronic goods that are assembled in Egypt and consist of local parts next to the imported parts, and shipping documents are accepted in light of the fact that they are a production requirement.

Egypt's central bank issues LE 11.5B in T-bonds Monday

Mon, 19 Sep 2022 - 03:04 GMT

The T-bonds were offered in three installments, with the first valued at LE 7.5 billion with a 1.5-year term.

Egypt's central bank issues LE 23B in T-bills Sunday

Sun, 18 Sep 2022 - 02:37 GMT

The T-bills were offered in two installments, with the first valued at LE 15 billion with a 91-day term.

Remittances from Egyptian expats record $18.72B in 7 months: CBE

Thu, 15 Sep 2022 - 05:29 GMT

In July, the remittances from Egyptian expatriates decreased to $2.38 billion, compared to $2.79 billion during June 2021.

Egypt's central bank issues LE 30B in T-bills Thursday

Thu, 15 Sep 2022 - 02:42 GMT

The T-bills were offered in two installments, with the first valued at LE 14.5 billion with a 182-day term.

CBE renews warning of dealing with cryptocurrencies

Tue, 13 Sep 2022 - 03:58 GMT

In a statement on Tuesday, the CBE said that virtual currencies are not issued by the Central Bank, or any official authority, so they are not considered legal tender.

Egypt's central bank issues LE 11B in T-bonds Monday

Mon, 12 Sep 2022 - 06:59 GMT

The T-bonds were offered in three instalments, with the first valued at LE 7 billion with a 1.5-year term.

Egypt's central bank issues LE 11.5B in T-bonds Monday

Mon, 05 Sep 2022 - 12:45 GMT

The T-bonds were offered in three installments, with the first valued at LE 7.5 billion with a 1.5-year term.

CBE: Egypt's legislations run with int'l money laundering standards

Thu, 01 Sep 2022 - 04:56 GMT

The CBE first deputy referred to the importance of incorporating required legislative amendments into all world countries' money systems to include amending the anti-money laundering and terrorism financing laws, together with their executive regulations to cope with the latest technological advances in the financial domain.

Egypt's central bank issues LE 11.5B in T-bonds Monday

Mon, 29 Aug 2022 - 03:29 GMT

The T-bonds were offered in three installments, with the first valued at LE 7 billion with a 1.5-year term, and the second worth LE 4 billion with a three-year term.

Egypt’s PM, Central Bank governor discuss proposed measures to tackle global crisis repercussions

Sun, 28 Aug 2022 - 06:28 GMT

Prime Minister Mostafa Madbouli discussed on Sunday with Hassan Abdullah, the new governor of the Central Bank of Egypt (CBE), a number of proposed measures within a specified timeframe to tackle the current economic situation and the global crisis repercussions.

Egypt's central bank issues LE 21.5B in T-bills Sunday

Sun, 28 Aug 2022 - 01:46 GMT

The T-bills were offered in two installments, with the first valued at LE 17 billion with a 91-day term.

Egypt's central bank issues LE 31.5B in T-bills Thursday

Thu, 25 Aug 2022 - 12:25 GMT

The T-bills were offered in two installments, with the first valued at LE 15 billion with a 182-day term, and the second worth LE 16.5 billion with a 364-day term.

Remittances from Egyptian expats record $31.9B in 2021/22: CBE

Tue, 23 Aug 2022 - 02:48 GMT

The CBE elaborated that the period from April to June 2022 witnessed an increase in remittances by 3 percent, to record about $8.3 billion, up from $8.1 billion during the corresponding period.

Egypt's central bank issues LE 23B in T-bills Sunday

Sun, 21 Aug 2022 - 02:43 GMT

The T-bills were offered in two installments, with the first valued at LE 15 billion with a 91-day term, and the second worth LE 8 billion with a 273-day term.

Why did Egypt's central bank resort to keeping interest rates unchanged?

Thu, 18 Aug 2022 - 07:10 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold at 11.25 percent, 12.25 percent, and 11.75 percent, respectively. The discount rate was also kept unchanged at 11.75 percent.

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