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Central Bank of Egypt

MPC decides to keep key policy rates unchanged; extends inflation target horizons

نُشر في

In its meeting today, the Central Bank of Egypt’s Monetary Policy Committee (MPC) decided to keep the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 27.25 percent, 28.25 percent, and 27.75 percent, respectively. The Committee also kept the discount rate unchanged at 27.75 percent. The meeting also […]

Central Bank of Egypt Organizes a Seminar on “Effective Supervision: Building Supervisory Frameworks and Risk Management” with 110 Participants from African Central Banks

نُشر في

In continuation of Egypt’s efforts to support and assist African countries across various fields, particularly within the economic and banking sectors, the Central Bank of Egypt (CBE) organized a virtual seminar on “Effective Supervision: Building Supervisory Frameworks and Risk Management”. The seminar was held over 2 days, with the participation of 110 members from African […]

Central Bank of Egypt Hosts the Inaugural Meeting of the African Financial Stability Committee

نُشر في

In line with the presidential directives to foster Egyptian – African cooperation and integration, and under the auspices of H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), the CBE hosted the inaugural meeting of the African Financial Stability Committee (AFSC), which continued for three days, from December 9 – 11, 2024, […]

The Financial Inclusion Initiatives and Projects Drive a Substantial Increase in the Number of Beneficiaries of Banking and Financial Services

نُشر في

The Central Bank of Egypt (CBE), in collaboration with the banking sector, has driven substantial progress in Egypt’s financial inclusion rates, marking an 181% increase during the period from December 2016 to June 2024. The number of citizens owning transactional accounts – whether bank accounts, Egypt Post accounts, mobile wallets, or prepaid cards – has […]

The Launch of Payment Cards’ Tokenization on Mobile Applications and Apple Pay Service

نُشر في

In line with the Central Bank of Egypt’s (CBE) efforts towards the transformation to a less-cash society and the adoption of e-payments, the tokenization of payment cards on mobile applications has been launched and Apple Pay service is enabled successfully as the first phase, marking a significant stride in encouraging citizens to use their mobile […]

Central Bank of Egypt Hosts a Mauritanian Delegation to Share Egypt’s Experience in Promoting Financial Literacy and Women Economic Empowerment

نُشر في

In alignment with Egypt’s efforts to strengthen African cooperation across all fields, the Central Bank of Egypt (CBE) hosted a delegation from the Financial Inclusion team at the Banque Centrale de Mauritanie (BCM) for a peer learning and knowledge exchange between the two counterparts, benefiting from Egypt’s leading experience in financial literacy, and women economic […]

Central Bank of Egypt Launches a New Service to Facilitate Transactions for Citizens

نُشر في

In alignment to the Central Bank of Egypt’s (CBE) continued efforts to enhance the electronic financial services’ infrastructure, promote digital transformation, and contribute to the transformation to a less-cash society, the CBE provided several banks operating in Egypt with the necessary licenses and approvals, enabling them to activate the service of instantaneous receipt of remittances, […]

Central Bank of Egypt Joins the Pan-African Payment and Settlement System PAPSS

نُشر في

In line with Egypt’s unwavering efforts to enhance regional banking relations and strengthen economic collaboration with African countries, the Central Bank of Egypt (CBE) approved, in November 2024, the agreement to join the Pan-African Payment and Settlement System (PAPSS) The PAPSS – developed by the African Export-Import Bank (Afreximbank) – facilitates cross-border payments and trade […]

Central Bank of Egypt Maintains its Commitment to Support and Sponsor Youth in the FinTech Sector

نُشر في

One of the final qualifiers in the second edition of the “FinTech Got Talent” competition, organized by “Fintech Egypt” – an initiative by the Central Bank of Egypt (CBE) – attained first place at “Arab FinTech Challenge” for the second consecutive year. The contest was held recently in Dubai, as part of the “GITEX North […]

Central Bank of Egypt Secured First Places in the Cyber Drills at the Regional Cybersecurity Competition for Arab states and Members of the Organization of Islamic Cooperation

نُشر في

In recognition to the exceptional competences of Egyptian cybersecurity experts, at both the national level in general, and the banking sector in particular, the Egyptian Computing Incident Response Team (EG-CIRT) and the Computing Incident Response Team for the Financial Sector (EG-FinCIRT) of the Central Bank of Egypt (CBE) have secured first places in the specialized […]

Central Bank of Egypt Conducts a Comprehensive Training Program for Calibers from the Central Bank of Djibouti

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In light of the presidential directives to support Egyptian-African cooperation and integration, the Central Bank of Egypt (CBE) conducted a training program for calibers from the Central Bank of Djibouti (CBD) covering the latest operational systems employed in key areas for central banks, including the “International Transactions Reporting System (ITRS)” in Egypt – a primary […]

Central Bank of Egypt Hosts a Delegation from Zambia and Eswatini

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Within the context of Egypt’s commitment to enhancing cooperation with African countries across various fields, the Central Bank of Egypt (CBE) welcomed a delegation from Zambia and Eswatini for three days to learn about the CBE and banking sector’s efforts in sustainable finance and Micro, Small, and Medium Enterprises (MSMEs) financing The delegation’s visit was […]