About Central Bank of Egypt  

1961.

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 .

1000 million Egyptian pounds ( LE).

The funds of the Central Bank are considered private funds.

Board of Directors:

Chairman (Governor), Vice Chairmen (two Deputy Governors) and  12 members.

Sub-Governors, Assistant  Sub-Governors.

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 and private).