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Central banks pulls a record EGP 1.1 tn in liquidity from the banking sector
Good morning, folks. The news flow has picked up after a couple of less than eventful days with news of…
Egypt’s foreign debt rose USD 3.3 bn in 1H FY 2023-24
The central bank estimates that USD 36.4 bn of our medium- and long-term debt will be repaid this year
Foreign reserves hit their highest level in over four years
FX reserves hit USD 41.1 bn in April
Banque Misr’s MDI receives approval for digital banking license from CBE + CBE issues new ownership regulations
Those acquiring more than a 10% stake in a bank would have to request approval from the CBE 60 days…
Egypt’s net foreign asset deficit narrows in March following rise in FX reserves
The CBE’s net foreign asset deficit narrowed to its lowest levels in over two years
FX to be made available to all importers starting May following planned central bank liquidity injection
Banks will issue USD letters of credit to importers at the start of June, a source told us
Egypt could receive another USD 820 mn tranche in June
The country has met 7 out of 15 structural reform targets set by the fund
Goldman Sachs forecasts 2% CBE interest rate cut in May
Good morning, friends. It may not just be the weather that’s warming up in Egypt at the moment, with news…
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