Central Banks Worldwide Egypt

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List of Central Banks Worldwide

Egypt:

Central Bank of Egypt

About Central Bank of Egypt

Date of Establishment: 1961.

Legal Form: The CBE is an autonomous public legal person, assuming the authorities and powers vested therein by Law No. 88 for 2003, and the Presidential Decree No. 64 for 2004, Issuing the Statute of the Central Bank .

Paid-up Capital: 1000 million Egyptian pounds ( LE).

Funds: The funds of the Central Bank are considered private funds.

Board of Directors:
Chairman (Governor), Vice Chairmen (two Deputy Governors) and 12 members.

Senior Management: Sub-Governors, Assistant Sub-Governors.

Advisors: Legal, Governor's Office, Public Relations, Supervision....
Objectives & Functions: The main objectives and functions of the CBE are as follows:-

A) Realizing price stability and the banking system soundness, and setting

the objectives of the monetary policy, in agreement with the government,

through a coordinating council. (Presidential Decree No. 17 for 2005)

B) Formulating and implementing the monetary, credit & banking policies.

C) Issuing banknotes and determining their denominations and

specifications.

D) Managing liquidity in the national economy. It may conduct open market

operations.

E) Influencing the banking credit in a way warranting the fulfillment of the

actual needs of the different aspects of economic activity.

F) Supervising the units of the banking sector.

G) Managing the gold and foreign exchange reserves of the State.

H) Regulating and managing the foreign exchange market.

I) Supervising the national payments system.

J) Recording and following up Egypt's external debt (public

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Bank of Albania - Bank of Algeria - Bank of Argentina - Bank of Armenia - Bank of Aruba - Bank of Australia - Bank of Austrian - Bank of Azerbaijan - Bank of Bahamas - Bank of Bahrain - Bank of Bangladesh - Bank of Barbados - Bank of Belarus - Bank of Belgium - Bank of Belize - Bank of Bermuda - Bank of Bhutan - Bank of Benin - Bank of Bolivia - Bank of Bosnia - Bank of Botswana - Bank of Brazil - Bank of Bulgaria - Bank of Burkina Faso - Bank of Cameroon - Bank of Canada - Bank of Cayman Islands - Bank of Central African Republic - Bank of Chad - Bank of Chile - Bank of China - Bank of Colombia - Bank of Congo -Bank of Costa Rica - Bank of Côte d'Ivoire - Bank of Croatia - Bank of Cuba - Bank of Cyprus - Bank of Czech Republic - Denmark - Bank of Dominican Republic - East Caribbean area - Ecuador - Egypt - El Salvador - Equatorial Guinea - Estonia - Ethiopia - European Union - Fiji - Finland - France - Gabon - Georgia -

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