Central Bank of Egypt

InstaPay, Egypt’s first and leading Payment Service Provider (PSP), plans to start charging transaction fees in early 2024. The software, which will be available in May 2022, will allow users …

Earlier today, the Central Bank of Egypt announced a four-day holiday in celebration of the new Hijri Year and the July 23 Revolution anniversary, where all banking services will stop …

The African Export-Import Bank (Afreximbank) started negotiations with the Central Bank of Egypt and commercial Egyptian lenders to add them to its Pan-African Payment and Settlement System(PAPSS) in 2H 2023, …

Yesterday, the Central Bank of Egypt finally introduced the new 20-pound currency made of polymer, produced using the latest banknote production lines in the New Administrative Capital, emphasizing that it …

Earlier today, Egyptian central bank governor Hassan Abdalla received African Development Bank (AfDB) president Akinwumi Adesina to inspect the final preparations for the AfDB’s Annual Meetings taking place in Sharm …

The Egyptian government and International Monetary Fund (IMF) staff held fruitful discussions in preparation for the first review mission of Egypt’s reform program under the support of IMF’s Extended Fund …

The Monetary Policy Committee (MPC) in its meeting on Thursday 30/3/2023 decided to raise the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of …

The payment cards issued by banks operating in the Egyptian market, including instant payment cards, prepaid cards, and credit cards increased to 57.475 million in 2022, according to the Central …

Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central …

The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI), under the Central Bank of Egypt, examined ways to enhance cooperation through training and building human capital …