He studies Cairo Bank Obtaining the approval of the Central Bank of Egypt to issue a new savings certificate with a return exceeding 25% during the month of January, coinciding with the imminent maturity of its one-year savings certificates, according to what a source within the bank told Al-Osboa. Banque du Caire will begin disbursing … Read more
The Central Bank decided to increase the maximum daily and monthly limits for dealing with financial inclusion accounts, prepaid cards, and payment services using mobile phones, whether withdrawals, transfers, or any deductions or purchases. The dealing limits for natural persons (individuals) in relation to the maximum account limit are set by the bank, and the … Read more
Cairo, Egypt (CNN) – The Central Bank of Egypt decided, on Thursday, to maintain the deposit and lending return rates at the level of 19.25% and 20.25%, respectively, attributing the reason for this to “the consistency of the inflation data with the bank’s expectations,” while bankers believe that Increasing interest rates “is no longer the … Read more
01:18 PM Wednesday, September 13, 2023 Written by Manal Al-Masry: Fitch Solutions, a global company, expected, through a report within the (BMI) service, that the Central Bank of Egypt would allow the exchange rate of the pound to decline by about 18.6% against the dollar by the end of the current year 2023, bringing the … Read more
Written by Ahmed Yacoub Sunday, May 14, 2023 05:19 PM In light of the requirements of the law central bank And the banking system promulgated by Law No. 194 of 2020, and believing in the important role of exchange companies complementing the role of the banking system, the Central Bank issued an update to the … Read more
With the rise in inflation rates in the country, which exceeded 40% last February, before retreating after that, many citizens are looking for a real refuge that protects their money from the current and upcoming eroding pressures. In the following lines, (The Week) provides some important details about certificates of savings in Egyptian banks and … Read more
The price of gold now.. The price of gold rose today, Friday, March 31, in the goldsmiths of Egypt, to exceed a gram of 21 carat gold, the barrier of 2200 pounds. The price of a gram of 18 carat gold in the middle of today’s trading, Friday, exceeded the 1900 pounds barrier. Gold price … Read more
Today, Tuesday, March 28, 2023, the price of the dollar rose on the black market by about 3 pounds against the Egyptian pound. Sources told The Weekly that the price of the dollar against the pound increased today in the parallel market, bringing the buying and selling price to 38 and 37.5 pounds, respectively, compared … Read more
Cairo, Egypt (CNN) – The European Bank for Reconstruction and Development has joined the list of major international institutions that have lowered expectations for the growth of the Egyptian economy during 2023. In its latest report, the bank expected a decline in the economic growth rate to 4.6%, compared to 5.6% in its previous report … Read more
The price of the dollar – the forecast of the dollar price – the dollar against the pound The discrepancy hit the price of the dollar in Egyptian banks today, Sunday 5/2/2023, when it stabilized against the pound, near levels of 30.23 in the government and 30.33 in private, and between 32 and 33 pounds … Read more