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 …
Central Bank of Egypt
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EconomyHighlights
CBE Declares Next Thursday a Paid Holiday to Celebrate January 25 Revolution, Police Day
Earlier 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 …
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EconomyHighlights
Egypt’s Mediation in Gaza Expected to Boost Foreign Financial Support: Fitch Solutions’ BMI
Egypt’s mediation role in the Israel-Hamas conflict in Gaza is expected to attract foreign financial support, exceeding $5 billion, according to Fitch Solutions’ BMI. Inflation is expected to slow down, …
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According to a government document released in January, the Central Bank of Egypt (CBE) plans to introduce the electronic pound by 2030 to enhance the efficiency of monetary policy. The …
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The 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 …
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EconomyHighlights
Central Bank of Egypt Extends Exemption of InstaPay’s Transaction Fees Until Further Notice
On 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 …
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EconomyHighlights
CBE Gives Banks 6 Months Deadline to Update Controls on Money Laundering & Terrorism Financing
In 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 …
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EconomyHighlights
CBE facilitates access to banking services and products for customers with disabilities
In keeping with Egypt’s Vision 2030 for sustainable development, the Central Bank of Egypt (CBE) has made banking services and products more accessible to persons with disabilities.Banking operations in Egypt …
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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 …
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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 …
