Tag: The Central Bank of Egypt

CBE to convert $4bn worth of dues on importers to local currency

Tarek Amer holds frequent meetings with public bank heads to discuss developments…

Hossam Mounir Hossam Mounir

Dollar officially stable at EGP 8.03, experts expect it to stay fixed until end of 2015

Parallel market confusion amid the decline of the dollar in anticipation of…

Mohamed Ayyad Mohamed Ayyad

Pharos predicts faster pound depreciation following Amer’s appointment

A study by Pharos cited the newly-appointed governor’s past experiences as a…

Daily News Egypt Daily News Egypt

Imports indicative list will increase monopoly, raise prices: Sheha

Annual Egyptian imports are less than $80bn, of which luxury imports are…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Non-performing loans fell to 7.6% by end of June: CBE

CBE issued an important Financial Soundness Indicators report; loans to deposits ratio…

Hossam Mounir Hossam Mounir

Dollar price remains EGP 7.93 after 2 consecutive depreciations

The pound is expected to officially jump to EGP 8.30 before May…

Hossam Mounir Hossam Mounir

Dollar stabilises after increasing by 20 piasters in 2 days

Market awaits CBE's next step; analysts believe July's stability will be repeated

Hossam Mounir Hossam Mounir

Bank deposits increase by over EGP 39bn in July, loans by EGP 8.2bn: CBE

According to CBE, the total deposits growth rate of banks in July…

Hossam Mounir Hossam Mounir

Dollar price to break EGP 8 barrier in banks for first time

Price reaches EGP 8.40 in black market, which is in complete paralysis…

Hossam Mounir Hossam Mounir

Pound depreciation has limited impact on budget deficit: Economists

Government forecasts on the deficit will not be achieved and will jump…

Mohamed Ayyad Mohamed Ayyad