Friday 04 Apr

Central Bank of Egypt

US dollar stable in Eid al-Fitr
2025/04/01

US dollar stable in Eid al-Fitr

The US dollar remained stable in transactions on Monday, March 31, 2025, the first day of Eid al-Fitr. The exchange rate recorded 50.52 Egyptian pounds...

Banks closed Sunday to Tuesday for Eid al Fitr
2025/03/27

Banks closed Sunday to Tuesday for Eid al Fitr

The Central Bank of Egypt announced Thursday that all banks in Egypt will be closed from Sunday, March 30th, until Tuesday, April 1st, for the...

Central Bank Governor leads Egypt's G20 delegation
2025/03/10

Central Bank Governor leads Egypt's G20 delegation

Mr. Hassan Abdalla, Governor of the Central Bank of Egypt, led the Egyptian delegation at the first 2025 meeting of the G20 Finance Ministers and...

51.3% growth in Egyptian overseas remittances
2025/02/25

51.3% growth in Egyptian overseas remittances

Following the March 2024 economic reforms, remittances from Egyptians working abroad surged. December 2024 saw a doubling to $3.2 billion (from $1.6 billion in December...

CBE extends InstaPay fee waiver for individuals
2024/12/30

CBE extends InstaPay fee waiver for individuals

As part of Egypt’s Vision 2030 to foster digital transformation, the Board of Directors of the Central Bank of Egypt (CBE) has issued a set...

Hisham Talaat warns: 32% interest rate unsustainable for businesses
2024/12/26

Hisham Talaat warns: 32% interest rate unsustainable for businesses

Hisham Talaat Moustafa, prominent businessman and CEO of Talaat Moustafa Holding Group (TMG), warned on Wednesday that the current 32% interest rate is unsustainable for...

Central Bank enables mobile payment card encoding
2024/12/12

Central Bank enables mobile payment card encoding

As part of the Central Bank of Egypt's efforts to support the transition towards a less cash-dependent society and to stimulate the expansion of electronic...

Central Bank of Egypt joins PAPSS
2024/12/03

Central Bank of Egypt joins PAPSS

In a continued effort to bolster regional banking relations and enhance economic cooperation with African nations, the Central Bank of Egypt has approved an agreement...