Egypt’s net international reserves surpass $50bn for first time in October: CBE
The Central Bank of Egypt (CBE) announced that the country’s net international reserves exceeded the $50 billion mark for the first time in history, reaching $50.071bn in October 2025, up from $49.534bn in September — an increase of $537m. According
CBE joins Pan-African Payment and Settlement System
As part of Egypt’s efforts to deepen economic collaboration with African nations, the Central Bank of Egypt (CBE) has joined the Pan-African Payment and Settlement System (PAPSS). Developed by the African Export-Import Bank (Afreximbank), PAPSS streamlines cross-border payments and trade
CBE authorizes banks to open financial inclusion accounts
The Central Bank of Egypt (CBE) has granted banks permission to open financial inclusion accounts in foreign currencies for individuals and micro-enterprises classified as low-risk clients under categories A and B, as per the November 2023 circular. Banks are also