Egypt
MPC minutes: Egypt
The Central Bank of Egypt's Monetary Policy Committee decided to keep rates unchanged at 11.5% owing to high inflation, the minutes of the meeting on 25 December explained.
Egypt aims for Basel II adoption, ECB to assist
The Central Bank of Egypt took a step towards compliance with Basel II after agreeing to European Central Bank (ECB) support to strengthen its supervisory framework.
Egypt fears second-round effects, raises rates
The Central Bank of Egypt has increased its three key rates in a bid to contain the impact of soaring food costs.
Egypt hikes rates to combat rampant inflation
The Central Bank of Egypt hiked its benchmark rate half a point and its discount rate a full percentage point on Thursday in a bid to combat inflation, now at a 19-year high.
Egypt's El-Okdah to serve second term
Farouk el-Okdah, the governor of the Central Bank of Egypt, will head the central bank for another four years, it emerged on Wednesday.
Central Bank of Egypt - Annual Report 2005/06
Egyptian GDP growth was up from 4.6% in 2004/05 to 6.9% in 2005/06.
Egypt to use SIA-SSB payments system
Egypt's central bank picked SIA-SSB, an Italian technology company, to develop its new large-value payments, the company announced at Sibos.
Bahrain and Egypt sign MoU
The central banks of Bahrain and Egypt signed a Memorandum of Understanding (MoU) on Monday 14 May, according to Gulf Daily News.
Central Bank of Egypt - Annual Report 2004-2005
According to the Central Bank of Egypt's Annual Report 2004-2005, economic performance showed an upturn during FY 2004/2005, according to data from the Ministry of Planning.
Hamas appeals to banks to help end funding crisis
According to this article published on Wednesday 26 April, officials say the Palestinian economy could quickly collapse. The independent Palestine Monetary Authority is holding talks with the central banks of Egypt and Jordan to find a way out, it says.
Third Euro-Mediterranean central bank seminar
The third Euro-Mediterranean seminar, which brings together Eurosystem and non-euro area Mediterranean central banks, was jointly organised by the Bank of Greece and the European Central Bank and held in Nafplion on 25 January.
Nigeria's Soludo to speak on global economy
The Central Bank of Nigeria Governor, Prof. Charles Soludo, will speak on the global economy on January 24, at the World Economic Forum in Davos, Switzerland.
Tripartite protocol on banking supervision signed
Jean-Claude Trichet and Dr. Farouk El Okdah, governor of the Central Bank of Egypt, on 13 November signed a Tripartite Protocol to mark the start of a Eurosystem Technical Assistance Programme on Banking Supervision.
Central Bank of Egypt - Annual Report 2003-2004
The Central Bank of Egypt has published its Annual Report for the year 2003-2004. The domestic economy has headed towards improvement during FY 2003/2004, according to the report.
Egyptian cb reorganised
The Egyptian government has slimmed down the decision-making body of the Central Bank of Egypt, appointing a new seven-member committee to set short-term monetary policy and supervise the banking sector. This structure replaces the previous board of 11…
Egypt - UK central bank agreement planned
Officials from the Central Bank of Egypt (CBE) have met for talks at the Bank of England's Centre for Central Banking Studies (CCBS) to launch a cooperation agreement between the CBE's Egyptian Banking Institute and the CCBS, according to the MENA news…
Egypt's Shura Council gives approval to bank law
The draft law of the central bank of Egypt on the banking sector and foreign currency has been approved by the Shura Council, according to a report by the MENA news agency.
Egypt imposes hard currency controls
Egyptian authorities have introduced a decree which aims to halt the decline in reserves at the central bank, according to Associate Press. The conflict in Iraq is expected to make the situation worse with income from tourism severely restricted.
Egypt: 6-month BOP surplus of 152.7m dollars
The governor of the Central Bank of Egypt (CBE) has presented a report to the country's president in which he said that the balance of payments realized a surplus of 152.7m dollars during the first six months of the current fiscal year compared to a…
Egypt cb says forex market more stable
The governor of the Central Bank of Egypt Mahmud Abu-al-Uyun told bankers that, 10 days after the liberalization of foreign exchange, the forex market is becoming increasingly stable.
Egypt central bank plays active money market role
A new general monetary policy will be applied to push forward the national economy, the Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Eiyoun said Wednesday.
Egypt central bank sets new monetary policy plan
Egypt's central bank governor has announced details of instruments that would be introduced under a new monetary policy which would encourage greater transparency in the market. Earlier in October we reported that Egyptian President Hosni Mubarak was set…
Egypt, Russia sign banking cooperation agreement
EGYPT - The Central Bank of Egypt and the Central Bank of Russia today, 16 October, signed an agreement on promoting cooperation in banking domains between the two nations.
Egypt's Mubarak in charge of central bank
EGYPT - Egyptian President Hosni Mubarak said Thursday that the central bank would come under his office's supervision, in a bid to deal with an estimated $2,6bn bad debt problem affecting local banks.