On Sunday, the dollar fell from EGP 50.70 in some banks to EGP 47.76 to buy and EGP 47.90 to sell. Today, the dollar price at the Central Bank of …
Egyptian Banks
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Economy
CBE Directs Egyptian Banks to Remove Credit Card Foreign Spending Limits
by Nada Khaledby Nada KhaledThe Central Bank of Egypt (CBE) has just instructed banks to remove limits on foreign spending for all credit cards. The bank’s decision aims to strengthen the stability of the …
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EconomyHighlights
Solidarity Minister Inaugurates “Herafy” Program to Support Small Entrepreneurs
by Nada Khaledby Nada KhaledOn Thursday, January 25, Egypt’s Minister of Social Solidarity, Dr. Nevine Al-Kabbag launched the “Herafy” or “Craftsman” Program, in collaboration with the Central Bank of Egypt and several Egyptian banks to …
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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 …
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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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EconomyHighlights
CBE Announces Mawlid El-Nabawi’s Holiday for All Banks on September 28
by Nada Khaledby Nada KhaledThe Central Bank of Egypt (CBE) announced that Egyptian banks will close their doors on Thursday, the 28th of September, on the occasion of El-Mawlid El-Nabawi (celebration of the Prophet …
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Highlights
Egypt’s Central Bank Facilitates Banking Access for Illiterate & Elderly Clients
by Nada Khaledby Nada KhaledToday, September 5th, witnessed the introduction of new tools by the Central Bank of Egypt (CBE) to facilitate access to banking services and goods for 65+-year-old and illiterate clients. …
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EconomyHighlights
Dollar Price Rate Remains Stable at Egypt’s Major Banks
by Nada Khaledby Nada KhaledAt the start of Sunday’s transactions at Egypt’s major banks, the US dollar’s value relative to the Egyptian pound was constant. The dollar exchange rate at the National Bank of …
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Highlights
Egyptian Banks Offer Free Saving Accounts to Celebrate International Youth Day
by Nada Khaledby Nada KhaledOn the occasion of International Youth Day, all major banks in the Egyptian banking sector will be opening accounts for free and without a minimum limit, starting today, Tuesday, and …
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Highlights
Egypt’s $50 Billion in Foreign Currency Deposits Are Safe: Banks Federation
by Nada Khaledby Nada KhaledForeign currency deposits in Egyptian banks have reached about $50 billion and are safe, according to a statement issued by the Federation of Egyptian Banks (FEB). Foreign deposits are invested …