Central Bank of Egypt
Headquarters | Cairo, Egypt |
---|---|
Established | 1961 |
Governor and Chairman | Hisham Ramez |
Central bank of | Arab Republic of Egypt |
Currency |
Egyptian pound EGP (ISO 4217) |
Bank rate | 10.75% |
Interest on reserves | 8.75% |
Website | www.cbe.org.eg/ |
- This is the article for Egypt's central bank; for "Bank of Egypt" please see Banque Misr
The Central Bank of Egypt is the monetary authority in Egypt. The bank's paid-up capital is 1000 million Egyptian pounds. According to its website, the CBE:
- 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.
List of Governors
- Hisham Ramez