Base Page Information

Base Page Information
Country		EGYPT
Data category		Exchange Rates

Contact person		Mr. Hamed Aboul Magd
Organization		Central Bank of Egypt Central Chamber for FX Statistics
Phone Number		(202) 7962299 - 7962288
Fax Number		(202) 7960111-7962211
E-mail		foreign_relation@cbe.org.eg

Dissemination formats:
Hardcopy			News release
			Weekly	Monthly	X	quarterly bulletin
	X		Other: Daily

Electronic	X		On-line country bulletin board or database, daily
			Diskette	CD ROM		Other
Summary Methodology Access to Egypt’s Statistics

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

-Compilation of data sent by banks and non-bank dealers via a special network.

-Weighted average of US$/LE rate calculated automatically on the basis of all transactions concluded during the day.

-Weighted average of US$/LE announced through Reuters and the CBE’s website.

Periodicity

Daily

Timeliness

Daily on hourly basis (from 9 a.m. to 4 p.m.) except Fridays, Saturdays and holidays on CBE website, and next day in the news media.

Access by the Public

Advance dissemination of
release calendar

Not applicable

Simultaneous release to all
interested parties

Data are initially released to the public via the CBE’s website: (http://www.cbe.org.eg). A notice to this effect is published in the CBE's monthly Statistical Bulletin. These data are also disseminated in the said Bulletin, the quarterly Economic Review, and the Annual Report. These documents are available freely by the CBE, either by subscription or distribution.

Integrity

Dissemination of terms and
conditions under which
official statistics are
produced, including ...
confidentiality of individual
responses

The data are collected by the CBE in accordance with the Central Bank and Banking System Law (No. 88, 2003) issued in June 2003 and includes a section that provides confidentiality to both banks and their clients.
The Central Bank and Banking System Law (No. 88, 2003) is available in Arabic, and a copy can be downloaded from the CBE website at: (http://www.cbe.org.eg)

Data are published by the CBE as a public service.

Identification of internal
government access to data
before release

There is no internal government access to data prior to release.

Identification of ministerial
commentary on the occasion of
statistical releases

There is no ministerial commentary on the occasion of statistical releases.

Provision of information
about revision and advance
notice of major changes in
methodology

Any change in methodology is published in the monthly Statistical Bulletin.

Quality

Dissemination of
documentation on methodology
and sources used in preparing
statistics

Brief explanatory notes are in the CBE's monthly Statistical Bulletin.
(See also summary methodology)

Dissemination of ... that
support statistical cross-
checks and provide assurance
of reasonableness

Published by Reuters daily on hourly basis (from 9 a.m. to 4 p.m.). End of month exchange rates are published in the CBE’s monthly Statistical Bulletin. The average rate is published next day in the news media.

Summary Methodology Page
Data category		Exchange Rates
National descriptor		Central Chamber for FX Statistics

Contact person		Mr. Hamed Aboul Magd
Organization		Central Bank of Egypt – Central Chamber for FX Statistics
Phone Number		(202) 7962299 - 7962288
Fax Number		(202) 7960111 - 7962211
E-mail		foreign_relation@cbe.org.eg

I.	Analytical framework, concepts, definitions, and classifications (including reference to applicable guidelines)
	The exchange rate of LE is announced by each bank or non-bank dealers freely on the basis of demand and supply.
II.	Scope of the data (coverage of, e.g., institutional units, transactions and stock, commodities, industries, and geographic areas).
	Spot exchange rates for major currencies announced by banks and non-bank dealers and an indicative average for US$ against LE.
III.	Accounting conventions (e.g. time of recording, valuation methods).
	The indicative daily average rate for US$ against LE is calculated as a weighted average rate of all transactions, and announced by the Central Chamber for FX Statistics.
IV.	Nature of the basic data (e.g., administrative records, surveys censuses, combinations of these).
	Administrative records.
V.	Compilation practices (e.g., weighting schemes, imputation methods, balancing/cross-checking techniques)
	Compilation is on transaction-by-transaction basis in value and price (exchange rate).
VI.	Other aspects (e.g., seasonal adjustment, disclosure avoidance, base years, reference years, transformations from fiscal to calendar years)
	Not applicable.

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	-Compilation of data sent by banks and non-bank dealers via a special network. -Weighted average of US$/LE rate calculated automatically on the basis of all transactions concluded during the day. -Weighted average of US$/LE announced through Reuters and the CBE’s website.
Periodicity	Daily
Timeliness	Daily on hourly basis (from 9 a.m. to 4 p.m.) except Fridays, Saturdays and holidays on CBE website, and next day in the news media.
Access by the Public
Advance dissemination of release calendar	Not applicable
Simultaneous release to all interested parties	Data are initially released to the public via the CBE’s website: (http://www.cbe.org.eg). A notice to this effect is published in the CBE's monthly Statistical Bulletin. These data are also disseminated in the said Bulletin, the quarterly Economic Review, and the Annual Report. These documents are available freely by the CBE, either by subscription or distribution.
Integrity
Dissemination of terms and conditions under which official statistics are produced, including ... confidentiality of individual responses	The data are collected by the CBE in accordance with *the Central Bank and Banking System Law (No. 88, 2003)* issued in June 2003 and includes a section that provides confidentiality to both banks and their clients. *The Central Bank and Banking System Law (No. 88, 2003)* is available in Arabic, and a copy can be downloaded from the CBE website at: (http://www.cbe.org.eg) Data are published by the CBE as a public service.
Identification of internal government access to data before release	There is no internal government access to data prior to release.
Identification of ministerial commentary on the occasion of statistical releases	There is no ministerial commentary on the occasion of statistical releases.
Provision of information about revision and advance notice of major changes in methodology	Any change in methodology is published in the monthly Statistical Bulletin.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	Brief explanatory notes are in the CBE's monthly Statistical Bulletin. (See also summary methodology)
Dissemination of ... that support statistical cross- checks and provide assurance of reasonableness	Published by Reuters daily on hourly basis (from 9 a.m. to 4 p.m.). End of month exchange rates are published in the CBE’s monthly Statistical Bulletin. The average rate is published next day in the news media.