BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Egypt Central Bank of Egypt The Central Bank of Egypt (CBE) with the formulation and implementation of monetary policy, with price stability being the primary and overriding objective.   The CBE is committed to achieving, over the medium term, low rates of inflation which it believes are essential for maintaining confidence and for sustaining high rates of investment and economic growth. The Government’s commitment to fiscal discipline is important to achieve this objective. The CBE is an autonomous public legal person, assuming the authorities and powers vested therein by Law. The funds of the Central Bank are considered private funds. As the central bank of Egypt, it executes all the functions that a central bank traditionally performs as elsewhere in the world.   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.   Central Bank of Egypt HQ Address: 54 Elgomhoreya Street 11511 Cairo Egypt Telephone: +202 2770 2770 Swift Code: CBEGEGCX Website: www.cbe.org.eg Currency: Egyptian Pound Banking Hours: Sunday - Thursday : 8.30am - 2.00pm     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 and private).   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved