Gamal Negm, deputy governor of the Central Bank of Egypt said the country will start issuing plastic currency, starting with the LE 10 ($0.64) notes, as banknotes will be printed in the New Administrative Capital’s printing facilities. In an interview...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt (CBE) kept the overnight deposit rate, the overnight lending rate, and the rate of the main operation unchanged during its second meeting in 2020 amid mixed expectations from experts and analysts. The...اقرأ المزيد
Debts worth LE 37 billion were settled for 45 major clients, who have irregular payment until February 6, as part of the debt settlement initiative, Governor of the Central bank of Egypt (CBE) Tarek Amer said Tuesday. According to Amer, this step was...اقرأ المزيد
Remittances from Egyptian expatriates hiked 12.1 percent during first five months of fiscal year 2019/2020 (from July to November 2019), reaching $11.1 billion, compared to $9.9 billion in the same months of 2018, the Central Bank of Egypt (CBE) stated...اقرأ المزيد
Egypt’s total external debt increased 17.47 percent at the end of September 2019, recording $109.363 billion, compared to $93.101 billion in September 2018, according to recent data issued by the World Bank. The data revealed that external debts due...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt (CBE) kept the overnight deposit rate, the overnight lending rate, and the rate of the main operation unchanged during 2020’s first meeting, within a decision referred to by experts as a “tough...اقرأ المزيد
The Central Bank of Egypt (CBE) said in a report on Wednesday that Egypt’s domestic liquidity increased by EGP 160.4 billion to register EGP 4.024 trillion at an increase rate of 4.2% in July-October of the 2019/2020 fiscal year (FY). The report...اقرأ المزيد
Egyptian Metro Company prepares to launch a global tender to select a company to implement a new digital payment system while booking tickets at subway stations. Last week, Minister of Transport has instructed adopting a new booking method at metro stations...اقرأ المزيد
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 19 billion in treasury bills on Sunday, Dec. 1. The T-bills will be offered in two installments; the first installment is valued at LE 9.25 billion with a 91-day...اقرأ المزيد
The term of Egypt’s Central Bank Governor Tarek Amer has been renewed.According to CBE law, the term of CBE governor can be renewed once to extend for additional 4 years. The new term will end in 2023. Previously, Capital Economics praised the success...اقرأ المزيد
