15 September, 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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Bringing down prices: Government and Central Bank of Egypt prioritize inflation relief

Prime Minister Mostafa Madbouly reviewed during his meeting on Thursday with Governor of the Central Bank of Egypt (CBE) Hassan Abdullah cooperation efforts between the government and the Central Bank. Al-Homsani explained that the meeting focused on discussing the collaborative efforts between the government and the Central Bank in the upcoming period. The importance of …

The post Bringing down prices: Government and Central Bank prioritize inflation relief appeared first on Egypt Independent.

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