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Central Bank of Egypt

Financial inclusion rate grew 131% since 2016 to approx. 40M adults | CBE

More than 56% of Egyptian adults, around 37 million adults, were banked at the end of 2021, climbing from approximately 53% recorded in 2020, explained the CBE

Hisham Ezz El Arab resigns from CBE post to return to CIB

CIB stated that its board of directors had already obtained the approval of the Central Bank of Egypt for this decision in a statement.

CBE relinquishes management of low-interest rate initiatives to Finance Ministry

The finance ministry will be running an audit on the initiatives to plan a strategy on how to move forward without the CBE’s support, as well as assigning the body that will finance each initiative

Qatar’s sovereign fund, QIA, reportedly deposits $1B in CBE

In mid-October, Bloomberg also reported that the QIA had entered advanced talks to invest $2.5 billion in a number of local companies, including Vodafone Egypt

IMF deal to support economic stability and ability to absorb external shocks | CBE Gov.

Abdalla stated that the IMF deal will undoubtedly help Egypt restore macroeconomic stability and enhance its ability to absorb external shocks