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The central bank said it had raised the overnight lending rate to 28.25% and its overnight deposit rate to 27.25%, as part of a decision to accelerate monetary tightening and bring down inflation ...
Central Bank of Egypt ... Bank rate: 12.25 [3] Interest on reserves: ... Regulates and manages Egypt's presence in the foreign exchange market;
On March 6, 2024, the Central Bank of Egypt decided to reduce the exchange rate of the Egyptian pound against the US dollar for the first time in more than 14 months, following an exceptional meeting that raised interest rates by about 600 basis points. [30]
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
Egypt’s Central Bank is hiking interest rates as the cash-strapped North African country continues to battle surging inflation and a depreciating currency. Egyptians, particularly working class ...
The Egyptian central bank slashed its main interest rates by 300 basis points at an unscheduled meeting on Monday, saying it was a "pre-emptive" move to support the economy. Egypt has registered ...
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound was also used in Anglo-Egyptian Sudan between 1899 and 1956, and Cyrenaica when it was under British occupation and later an ...
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Egypt: 27.25 6.00: 6 March 2024 [33] 13.69 13.56