Supriya Ghosh (Editor)

Central Bank of Egypt

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Established
  
1961

Bank rate
  
10.75%

Website
  
www.cbe.org.eg/

Founded
  
1961, Egypt

Governor and Chairman
  
Tarek Amer

Interest on reserves
  
8.75%

Central bank of
  
Egypt

Headquarters
  
Cairo

Central Bank of Egypt uploadwikimediaorgwikipediazh999Thelogoof

Currency
  
Egyptian poundEGP (ISO 4217)

Central bank of egypt declines to devalue pound as inflation soars


The Central Bank of Egypt (CBE) is the monetary authority in Egypt. The bank's paid-up capital is 1000 million Egyptian pounds. According to its website, the CBE:

Contents

  • Regulates banks and the banking system of Egypt
  • Formulates and implements Egypt's banking policy, monetary policy and credit policy, including interbank rates;
  • Issues banknotes;
  • Manages gold and the foreign exchange reserves of the Arab Republic of Egypt
  • Regulates and manages Egypt's presence in the foreign exchange market;
  • Supervises the national payments system;
  • Manages Egypt's public and private external debt.

    • 50 piastres banknote of the central bank of egypt


    List of Governors

  • Tarek Amer - November 2015 to Present
  • Hisham Ramez - March 2013 to November 2015
  • Farouk El Okdah - December 2003 to February 2013

    • References

    Central Bank of Egypt Wikipedia
    (Text) CC BY-SA