Imagine being Hassan Abdalla, the governor of the Central Bank of Egypt (CBE). You are not overseeing the monetary affairs of a tranquil petrostate cushioned by limitless reserves and insulated …
Central Bank of Egypt (CBE)
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In a groundbreaking initiative, the Central Bank of Egypt (CBE) announced on Monday that individuals aged 15 and older can now open bank accounts without parental consent, according to Ahram …
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According to the bank’s financial statement, the Central Bank of Egypt made a profit of EGP 22.83 billion ($468.71 million) for the fiscal year 2023/2024 after seven years. The central …
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News
Egypt Clears Essential Goods Backlog, Eyes Release of Luxury Items as Foreign Currency Improves
Egyptian authorities have successfully cleared a backlog of essential goods at the country’s ports. This move ensures the prompt release of critical commodities like food, medicine, and production materials. The …
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EconomyHighlights
Central Bank of Egypt announces a $30 million increase in foreign currency reserves
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars. The CBE put the total reserves of foreign currencies …
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The Ministry of Social Solidarity, the Central Bank of Egypt (CBE), and various banks collaboratively launched “Herafi” program. The program will support small-scale producers of handmade and heritage products. This …
