CBE Archives - Oz Arab Media

Egypt’s foreign reserves rise to US$48.144 billion by the end of April: CBE

The Central Bank of Egypt (CBE) announced that the country’s net foreign exchange reserves rose to approximately US$48.144 billion by the end of April. According to data published on CBE’s website on Tuesday, Egypt’s foreign exchange reserves rose by approximately $387 million during April, from approximately $47.757 billion at the end of March 2025. This …

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Egypt Independent May 7, 2025

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 …

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Egypt Independent September 10, 2024

Egypt’s balance of payments turns into deficit of US$410 million: CBE data

The decline in remittances from Egyptians abroad and the decline in petroleum exports has led to the Egyptian balance of payments turning into a deficit of US$ 410 million during the first half of the current fiscal year, according to data issued by the Central Bank of Egypt (CBE) on Monday. This compares to a …

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Egypt Independent April 9, 2024

CBE: Egypt’s annual headline inflation jumps 24.4% in December 2022

The Central Bank of Egypt (CBE) announced that the annual headline inflation rate jumped 24.4 percent in December 2022, compared to 21.5 percent in November of the same year. In a statement released on Tuesday, the bank said the Consumer Price Index recorded a monthly rate of 2.6 percent in December 2022, compared to 0.2 …

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Egypt Independent January 12, 2023

CBE withdraws LE100 billion of liquidity for 6th time in a month

Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about a month through open deposits with fixed income auctions, coinciding with the rise in the price of the US dollar on Wednesday afternoon in Egypt, CBE data revealed. Banking expert Hany Aboul Fotouh said that …

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Egypt Independent September 22, 2022

Economist explains recent CBE decision on cash deposit, withdrawal limits

The Central Bank of Egypt’s decision to cancel the maximum deposit limit and increase the maximum daily withdrawal limit from bank branches may be due to two main reasons, Economist and former Deputy Assistant Governor of the Central Bank of Egypt, said. Geneina added that the first reason is due to the lifting of restrictions …

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Egypt Independent August 27, 2022