Banks’ commitment to foreign currency requirements for import
Through its distinguished monetary policy and wise decisions, the Central Bank of…
CBE authorizes banks to open financial inclusion accounts
The Central Bank of Egypt (CBE) has granted banks permission to open…
Egyptian remittances increase 32.4% to $15.5bn in 7M 2024: CBE
The Central Bank of Egypt (CBE) revealed that Egyptian expatriates’ remittances increased…
3 Egyptian exchange companies surpass EGP 15bn in foreign currency collections post-liberalisation
Since the liberalisation of the exchange rate, three exchange companies have collectively…
Foreign currency inflows rise in banks, exchange offices following EGP liberalisation
Average dollar value decreases by EGP 1.7 from its peak after flotation,…
Egypt plans to launch company to export, rent property in foreign currency
The Egyptian government plans to set up a company to handle the…
How can futures eliminate parallel market of foreign currency in Egypt?
Creating liquidity on futures contracts is guarantee of new mechanism
Household sector accounts for 80.4% of total bank deposits
It accounts for 83.6% of total deposits in local currency, 68.7% in…
Unifying foreign currency rate is a positive step: Tawfik
Car prices will not be affected by “liberalisation of customs exchange rate,”…
Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn
Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end…