Central Bank of Egypt Archives

Central Bank of Egypt to launch digital identity app for easier services

The Central Bank of Egypt (CBE) has launched the website for the digital Haweya app platform. The app is the first national project of its kind, enabling citizens to verify and use their digital identity in various banking and government transactions in Egypt. The launch of the Haweya platform website comes as part of the …

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Egypt Independent October 18, 2025

Central Bank of Egypt cuts key interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE), at the conclusion of its meeting this Thursday, decided to reduce the overnight deposit and lending rates by one percentage point, setting them at 24 percentage and 25 percentage respectively. The Central Bank uses interest rates as a tool to manage inflation—which signifies …

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Egypt Independent May 23, 2025

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

The Central Bank of Egypt report that fell on deaf ears

If the external debt were to increase by a dollar, a fierce storm would erupt against the government, and analyses,comments, and negative, discouraging expectations would follow in succession. However, the news of Egypt’s external debt declining to $160.6 billion at the end of March 2024, compared to $164.5 billion at the end of the first quarter of 2023/2024, has, as usual, passed unnoticed. There are no …

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Egypt Independent September 26, 2024

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

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 …

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Egypt Independent July 5, 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

Central Bank of Egypt offers LE60 bln in Treasury bills

The Central Bank of Egypt (CBE) offered LE60 billion in Treasury bills on Thursday through two tenders. The first tender is for LE30 billion with a maturity of 182 days, and the second tender is for LE30 billion with a maturity of 364 days, according to the CBE’s website. The Ministry of Finance authorizes the …

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Egypt Independent March 1, 2024

Will inflation decrease in Egypt after the Central Bank’s decision?

Egyptian economist, Mostafa Badra, spoke to RT about the repercussions of the Central Bank of Egypt’s decision to fix the interest rate. This comes at a time when a number of banks around the world announced that it had raised it. Badra told RT that at the beginning of 2023 and the first meeting of …

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Egypt Independent February 9, 2023

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

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