The Central Bank of Egypt (CBE) has extended the guidelines requiring banks to distribute 25% of their credit facilities portfolio to micro, small, and medium-sized firms (MSMEs) for one year …
CBE
-
-
EconomyHighlights
CBE Declares Next Thursday a Paid Holiday to Celebrate January 25 Revolution, Police Day
by Nada Khaledby Nada KhaledEarlier today, the Central Bank of Egypt (CBE) announced that next Thursday, January 25, will be an official paid holiday for all Egyptian banks to commemorate the anniversary of the …
-
EconomyHighlights
Thursday’s Dollar Price Rates in Major Egyptian Banks
by Nada Khaledby Nada KhaledAccording to CBE, the dollar exchange rate remained stable at the start of Thursday’s transactions at Egypt’s major banks. The dollar rate at the National Bank of Egypt (NBE) and …
-
EconomyHighlights
Tuesday’s Foreign Currencies’ Price Rates at Egypt’s Major Banks
by Nada Khaledby Nada KhaledAt the beginning of Tuesday’s transactions at Egypt’s major banks, the dollar exchange rate was stable. The dollar rate at the National Bank of Egypt (NBE) and Banque Misr was …
-
EconomyHighlights
CBE Transactions Presents Egyptian Pound’s Value Against BRICS Currencies in 2024
by Nada Khaledby Nada KhaledThe value of the Egyptian pound in comparison to the major currencies of the BRICS nations, as reported by their central banks and market transactions on December 31, 2023, is shown …
-
EconomyHighlights
Central Bank of Egypt Extends Exemption of InstaPay’s Transaction Fees Until Further Notice
by Nada Khaledby Nada KhaledOn December 28, The Central Bank of Egypt (CBE) announced its new decision to continue offering free transactions through the InstaPay application and to revoke the fee imposition that was …
-
EconomyHighlights
CBE Gives Banks 6 Months Deadline to Update Controls on Money Laundering & Terrorism Financing
by Nada Khaledby Nada KhaledIn a circular released on Sunday, the Central Bank of Egypt (CBE) instructed banks to modify their stances on the updated supervisory controls to counter money laundering and terrorist financing …
-
When operations at Egypt’s main banks began on Tuesday, the value of the dollar remained steady. The dollar rate was recorded at EGP 30.85 for selling and EGP 30.75 for …
-
EconomyHighlights
CBE, Planning Ministry work together on financial inclusion for the ‘Decent Life’ initiative
The Ministry of Planning and Economic Development recently held a meeting with the Central Bank of Egypt (CBE) to discuss the implementation of the financial inclusion strategy for the second …
-
According to the Central Bank of Egypt’s (CBE) monthly statement, announced yesterday, the bank’s gold holdings rose by 6% in October, from EGP 235.64 billion ($7.63 billion) in September to …