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 …
CBE
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EconomyHighlights
CBE Reports: InstaPay Attracts 6.2 M Customers in 1.5 Years
by Nada Khaledby Nada KhaledThe Central Bank’s Deputy Governor, Ayman Hussein, disclosed that in just a year and a half, the InstaPay app was able to garner 6.2 million users. During the 27th International …
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The Central Bank of Egypt (CBE) has recently announced an increase in daily and monthly transaction limits on financial inclusion accounts, prepaid cards, and mobile banking by 100%. According to …
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The Central Bank of Egypt’s Monetary Policy Committee (MPC) is scheduled to hold its seventh regular meeting of the year on Thursday. The purpose of the meeting is to determine …
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The Central Bank of Egypt (CBE) has recently announced that it is lifting restrictions on credit card usage for travelers abroad. This will facilitate the use of credit cards for …
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EconomyHighlights
CBE, EU, And GIZ Cooperate to Boost Financial Inclusion Banking Supervision in Egypt
The joint technical assistance project “Strengthening Financial Inclusion and Banking Supervision in Egypt” has been completed by the Central Bank of Egypt (CBE), the European Union (EU), and the German …
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EconomyHighlights
Egypt imposes additional restrictions on the usage of credit cards abroad
by adminby adminThe Central Bank of Egypt (CBE) has recently issued new instructions to regulate the use of credit cards for transactions in foreign currencies abroad. This comes amid concerns of misuse, …
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Egypt has made significant progress in enhancing financial inclusion thanks to the cooperation between CBE and various local and international partners. Sherif Lokman, Sub Governor of the Central Bank of …
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The Egyptian Central Bank (CBE) has announced the successful completion of the third phase of the Egyptian Money Market Development project, which aims to improve the efficiency and transparency of …
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Egypt’s central bank has won two won two of the five AFI Global Alliance for Financial Inclusion Awards, on the sidelines of AFI’s 13th annual conference in the Philippines. The …