Dr. Mostafa Badra, Professor of Finance and Investment – Decision of the Central Bank of Egypt Central banks around the world are meeting this week to decide interest rates She has and comes to the fore US Fed meeting On Wednesday, February 1, the banks of the Gulf countries will follow it Egyptian Central European … Read more
The crisis is back Hard currency in Egypt It has reappeared in the past two weeks, after some banks stopped opening new letters of credit or collection documents for importers, due to the scarcity of the dollar in the region’s largest market in terms of the number of consumers. Was Central Bank of Egypt Last … Read more
Dubai, United Arab Emirates (CNN)– A senior official in the Central Bank of Egypt said that the bank does not intend to make a significant reduction in foreign exchange rates against the pound. In statements to the government newspaper, Al-Ahram, on Saturday, the first deputy governor of the Central Bank, Gamal Negm, said that the … Read more
The National Bank of Egypt started the process of reducing interest rates on savings certificates, in implementation of the decision of the Central Bank of Egypt. Released a while ago, the average interest rate on banking transactions was reduced by 0.5%. “Sada Al-Balad” publishes the most prominent testimonies on which the decision has passed, including: … Read more