Central Bank of Egypt
3 articlesThe Central Bank of Egypt is Egypt's central bank and the issuer of Egyptian-pound banknotes. It conducts monetary policy, manages reserves, regulates and supervises banks, implements exchange-rate policy and oversees payment and settlement arrangements. Currency circulation and bank liquidity form part of its public mandate, while coin production and fiscal policy are separate government functions. The institution serves Egypt's monetary jurisdiction and should not be confused with the EGP currency.
Egyptian court cuts prison terms for 42 in Minya, acquits 19 others
A Minya appeals court has slashed prison sentences for 42 people and cleared 19 more of all charges. The move follows a review of tough sentences and fines, showing how Egypt's legal and financial pressures play out in real cases.
Emirates NBD Egypt warns customers: Don't hand your card to strangers at ATMs
Emirates NBD Egypt is telling its customers to keep their cards and PINs safe at ATMs. The bank warns that giving your card to anyone you don't know could lead to theft or loss of your money.
Egyptian banks push high-yield savings accounts in fierce deposit race
Egypt's top banks are rolling out savings accounts with steeply tiered rates and flexible rules, shaking up old deposit habits and raising the bar for big savers.