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CBE pays $600m to Afreximbank

Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the CBE paid $600m to the African Export-Import Bank (Afreximbank). This increases the total amount repaid by the CBE to Afreximbank to $2.6bn, according to the Middle East News Agency. Amer said that the last installment due to Afreximbank worth $600m will be …

Daily News Egypt

Amer’s decisions will have positive effect on long term

Investors see that the liberalisation of the exchange rate of the Egyptian pound is too late and very necessary to improve and develop the economy and to boost new investments in the market. They believe that the CBE’s initiative to support small and medium-sized enterprises (SMEs) with EGP 200bn is a very good step to …

Shaimaa Al-Aees

Amer saved Egypt by liberalising exchange rate: Selim

Even with support from political leadership, if not for his bravery, decision would not have been made, asserts banking expert Banking expert Ahmed Selim believes that the most important, even historical, decision made by Tarek Amer was the liberalisation of the exchange rate, noting that the decision should have been made in the past 20 …

Hossam Mounir