Egypt’s overall budget deficit fell to LE253.7 billion or 12.4 percent of GDP in the fiscal year of 2013/2014, from 13.8 percent of GDP in 2012/13, according to according to a new report released Thursday by Central Bank of Egypt …

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Central Bank of Egypt’s headquarters is seen in Cairo. Central bank governor Tarek Amer said yesterday the bank would “soon” cancel a $100,000 limit on individual bank transfers. The move to ease capital controls is in line with a …

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The Central Bank of Egypt said Tuesday that the Egyptian pound was trading at 6.20 per U.S. dollar compared to 6.00 during the first half of the year. Without necessary currency reserves to fund imports, it is likely that the pound will fall …

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Tarek Amer began work as governor of the Central Bank of Egypt (CBE) on November 27, following the resignation of Hisham Ramez on October 21. His appointment represents a dramatic and much-needed change in Egypt’s monetary …

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