Browsing: Central bank of Egypt

The Central Bank of Egypt has given preliminary authorisation to OPay Egypt, the top fintech and electronic payments company, to issue prepaid cards using its OPay…

The Central Bank of Egypt has raised the benchmark interest rate by 100 basis points today, citing global inflationary pressures and the Russia-Ukraine crisis as cause…

The Central Bank of Egypt is reporting an increase in the remittances flowing in from Egyptians outside the country, moving from $29.6 billion in 2020 to…

A report by Egypt’s Apex Bank, CBE, has shown that the net foreign assets in the country’s banking sector increased by EGP 50.921 billion in February…

The Central Bank of Egypt also decided that to ease the burden on pensioners, the bank will bear the cost of cash withdrawal fees for pension payment cards

Egypt’s central bank has left its main interest rates on hold in a bid to balance the slowdown caused by the coronavirus crisis with an unexpected…