Currencies

The Central Bank of Egypt
14 June 04:37 PM CBE removes limits on foreign currency transfers
Cairo - Mubasher: The Central Bank of Egypt (CBE) has decided to lift all the barriers on transferring foreign exchange abroad. The CBE added in a statement on Wednesday that it has lifted all limits of foreign currency transfers, which previously …
KSA, UAE, Bahrain banks withdraw deposits from Qatar
8 June 03:07 PM KSA, UAE, Bahrain banks withdraw deposits from Qatar
Doha – Mubasher: Some banks operating in Saudi Arabia, Bahrain, and the UAE have withdrawn their deposits from Qatari banks and have stopped trading on bonds and in Qatari riyal, amid fears of increased pressure from Gulf states, sources told …
KSA to halt QAR dealings with Qatari banks
6 June 01:23 PM KSA to halt QAR dealings with Qatari banks - SAMA
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) has instructed Saudi banks not to deal with Qatari banks in Qatari riyals, according to banking sources on Tuesday. Some commercial banks in Saudi Arabia and the UAE have suspended …
The Central Bank of Egypt
4 June 06:36 PM Egypt foreign reserves up to $31bn - CBE
Cairo - Mubasher: The data of the Central Bank of Egypt (CBE) showed that the country’s net international reserves reached $31.125 billion by the end of May 2017, increasing by $2.485 billion from its level in April. Egypt’s foreign exchange …
The US Dollar Exchange Rate has been fixed at EGP 16.5
31 May 02:14 PM Egypt maintains customs USD exchange rate
Cairo - Mubasher: The Egyptian finance minister, Amr Al Garhy, has decided to fix the customs exchange rate for the US dollar at EGP 16.5 starting for another month, beginning 1 June, according to Reuters. The Ministry of Finance (MoF) took a …
The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
21 May 10:45 PM CBE raises interest rates 2%
Cairo - Mubasher: The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) has decided, in its meeting on Sunday, to raise interest rates by 200 basis points, according to an official statement. This increases the overnight deposit rate, …
The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
16 May 06:10 PM USD inflows to Egypt reach $45bn in 6M
Cairo - Mubasher: The governor of the Central Bank of Egypt (CBE) said that the Egyptian economy has attracted $45 billion from the central bank and the banking sector during the last six months. Tarek Amer added during a press conference on …
Photo Credit: Arabianeye-Reuters
16 May 04:10 PM Crédit Agricole collected $1bn in 6M
By: Mostafa Adel Cairo - Mubasher: The managing director of Credit Agricole - Egypt said that the bank US dollar inflows from its customers reached $1 billion since the pound flotation until now. Francois Edouard Drion told Mubasher on Tuesday …