Latest in Tag: Central bank of Egypt (CBE) Highlight

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Latest in Tag: Central bank of Egypt (CBE)


The misconception of sustainable development in Egypt

In order to be able to discuss sustainable development in Egypt, we must first be in agreement as to what sustainable development means. The scientific and international concept of sustainable development can be defined as development that meets the current needs of humans without compromising the ability of future generations to meet their own needs. …

Abdallah Al-Moghazy

Central Bank of Egypt

CBE allows banks to direct part of US dollar-denominated proceeds to cover temporary overdrafts on customer accounts

The Central Bank of Egypt (CBE) has allowed banks working in the domestic market to direct part of their proceeds denominated in US dollars to cover customers’ temporarily overdraft accounts. According to the CBE’s instructions received by banks on Tuesday, after covering imports on essential goods banks can direct 50% of their hard cash towards …

Hossam Mounir

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