VOL. XXXIV

NO. 47

26-AUGUST-1991

Financial and Banking News

Financial Policy

New Egyptian Banking Law Will Give Central Bank Extensive Powers

Egypt's Central Bank is to be given extensive new powers to regulate and control the local banking system through a new Banking and Credit Law soon to be presented to the Egyptian People's Assembly. Banks are currently regulated according to laws passed in 1957 and 1975. The new law aims to bring Egyptian banks into line with current international banking...