Central Bank of Egypt

Central Bank of Egypt
Brief History

The Central Bank of Egypt (CBE) was established in January 1961 to take over note issue and central banking activities from the National Bank of Egypt. 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.
The main objectives and functions of the CBE are as follows:

Realising price stability and the banking system soundness, and

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