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Egypt’s Savings Certificates: Navigating a Shifting Landscape and the Rise of Dollar-Denominated Options Just 22% of Egyptians have a bank account, according to the World Bank. Now, with recent interest rate cuts by the Central Bank of Egypt (CBE), the nation’s savings landscape is undergoing a rapid transformation. While traditional Egyptian Pound (EGP) certificates of … Read more

Egypt Braces for Interest Rate Cuts: A Harbinger of Economic Shift or a Temporary Respite? Egypt’s central bank is widely expected to announce a reduction in key interest rates this Thursday, potentially marking the beginning of a new monetary policy era. But the anticipated cuts – ranging from 1% to 1.5% according to expert forecasts … Read more