Egypt's net international reserves (NIR) reached $47.109 billion at the end of December.

Egypt’s net international reserves (NIR) reached $46.942 billion at the end of October, according to the Central Bank of Egypt (CBE).

Egyptian pharmaceutical companies need $1 billion in the fourth quarter (Q4) of 2024 to import essential raw materials and production inputs.

The National Bank of Egypt (NBE) has raised its foreign currency credit card purchase limit for customers abroad, increasing the monthly cap from EGP 240,000 to EGP 300,000, depending on the card type.

Banque Misr now allows its customers to exchange up to $5,000 in foreign currency when traveling abroad, as per an announcement.

Egypt’s net international reserves (NIR) inched up to $46.597 billion at the end of August, the Central Bank of Egypt (CBE) stated.

The Central Bank of Egypt (CBE) announced that banks can set their own policies for foreign currency withdrawal limits, with approval from their boards of directors

Total deposits in foreign currency at Egyptian banks increased to EGP 2.531 trillion at the end of June, compared to EGP 1.516 trillion in June 2023, according to data by the Central Bank of Egypt (CBE).

Swiss investment bank UBS has developed three scenarios according to which Egypt might see a surge in foreign currency inflows over the coming four quarters ending in June 2025.

Egypt’s net international reserves (NIR) rose to $46.125 billion at the end of May, the Central Bank of Egypt (CBE) stated.

Foreign currency inflows have restored the credit limit of Banque du Caire’s international bank cards to its usual level, the bank’s Chairman Tarek Fayed said.

Egypt’s foreign receipts plunged by 24% year on year (YoY) to $121.9 billion in fiscal year (FY) 2022/2023 from $160.5 billion, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

The Central Bank of Egypt (CBE) has directed the local banks to ease limits on using credit cards in foreign currency in an attempt to foster the domestic exchange market’s stability.