Central Bank of Egypt
Currency round-up: New yen banknotes to arrive in July 2024
De La Rue outlook brightens; Egypt continues transition to polymer; and more
Egyptian currency plunges amid move to flexible exchange rate
“Heavily managed” exchange rate “has not served Egypt well”, says IMF mission chief
Rates round-up: Turkey pauses rate cuts
Egypt hikes main rate 300bp after IMF deal; Indonesia decelerates tightening; and more
IMF backs $3.1 billion loan for Egypt
Conditions include locking in the floating exchange rate
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Egypt raises policy rate and floats currency
Central bank decisions come as IMF signs preliminary deal for further $3 billion loan
Managing risk with ETFs
Central Banking speaks to eight reserve managers about their thoughts on the use of ETFs, faced with market volatility, uncertainty and escalating inflation
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
Egyptian president appoints acting governor
Hassan Abdallah replaces Tarek Amer, who resigned abruptly on August 17
Central Bank of Egypt governor resigns
Amer joins presidential staff amid inflation and currency crises
Banknotes round-up: Egypt debuts polymer note
Peru continues rollout of new series; Mexico to withdraw 20 peso note; and more
People: Skingsley to head BIS Innovation Hub
New deputy governor in Philippines; BIS names new Asia-Pacific rep; and more
Rates round-up: South Africa, Philippines and Egypt hike
Emerging markets tighten policy amid unrelenting inflation
Saudi Arabia deposits $5 billion in Egypt’s central bank
Egypt agrees investment from Qatar and UAE, and seeks funding from IMF as wheat prices rise
Egypt hikes rates at unscheduled meeting
Central bank orders 100bp increase on March 21, the first rise since July 2017
Saudi Arabia gives $3 billion to Egyptian central bank
Donation is pandemic aid, and follows similar deposit with Pakistan central bank
Central banks leverage multimedia communication channels
Around a third have added podcasts, mobile apps and blogs to their comms repertoire
Egyptian central bank cuts policy rate again
Move is needed to support economy against second Covid-19 wave despite rising inflation, MPC says
Egyptian central bank fires head of largest commercial lender
Governor holds emergency meeting with lender’s board but nature of problems is unclear
People: Governors reappointed; Fed gets new CIO
Reappointments in Egypt and Palestine; Fed picks chief information officer; new financial stability head in Iceland
Egypt slashes rates by further 100bp
Sharp drop in inflation prompts easing by monetary policy committee
Egypt sharply cuts rates as inflation slides
Central bank resumes easing cycle, reducing rates by 150 basis points
Central Bank of Egypt holds rates despite lower inflation
Deposit rate remains at 15.75%; core inflation fell to 6.4% in June from 7.8% in May
Central Banking’s ‘Leaders’ for custody, banking and gold
Central banks want integrated custody platforms and real-time data from custodians as the low-yield environment drives demand for banking services and increases the relative attractiveness of gold