foreign currency reserves

  • CBE: Banking Sector Fed In $33.7b to Cover State Needs

    CBE: Banking Sector Fed In $33.7b to Cover State Needs

    Sunday, 12th June 2016
    The Egyptian banking sector has provided approximately $33.7b to cover the needs of the state and importers requests for foreign exchange between November 2015 and end of April 2016. CBE also aims at providing foreign currency to import fuel and gas supplies.
  • Egypt Reached Highest Level of Inflation in May

    Egypt Reached Highest Level of Inflation in May

    Sunday, 12th June 2016
    Egypt has reached the highest level of inflation in seven years in May, another challenge for policy makers trying to tackle a shortage of foreign currency that is slowing growth.
  • UAE Allocated $4b in Support to Egypt

    UAE Allocated $4b in Support to Egypt

    Sunday, 24th April 2016
    The United Arabic Emirates has allocated $4b to Egypt to boost country's economy, the UAE state news agency WAM informed.