05 October, 2024
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CBE announces 87% increase in remittances of Egyptians working abroad

The Central Bank of Egypt (CBE) announced an 86.8 percent increase in remittances of Egyptians working abroad during July, for the fifth consecutive month, reaching three billion dollars compared to about $1.6 billion during July 2023 – an unprecedented increase for the month of July. The CBE said in a statement on Monday, that remittances …

The post CBE announces 87% increase in remittances of Egyptians working abroad appeared first on Egypt Independent.

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Immigration Ministry launches podcast to introduce young Egyptians abroad to their civilization

Minister of Immigration and Affairs for Egyptians Abroad, Soha Gendi, launched the podcast “Information in a Story,” in order to introduce younger generations of Egyptian expatriates abroad to their ancient heritage. Gendi said she launched the podcast on Spotify to make it easier for them to learn about their homeland as part of the presidential …

The post Immigration Ministry launches podcast to introduce young Egyptians abroad to their civilization appeared first on Egypt Independent.

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Egyptian banks adjust withdrawals and purchases limits for cards abroad

Banks operating in the Egyptian market have begun raising credit card withdrawal limits following orders from the Central Bank of Egypt, in a new step towards enhancing the stability of the local exchange market. This follows the measures taken by the government and CBE to enhance foreign exchange flows, and comes as part of the …

The post Egyptian banks adjust withdrawals and purchases limits for cards abroad appeared first on Egypt Independent.

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