VOL. XLVII

No 11

15-March-2004

EGYPT

REGIONAL BANKING

New Decree For Central Bank Of Egypt

President Husni Mubarak of Egypt on 23 February issued a decree defining the role of the Central Bank of Egypt (CBE). The decree states that the CBE should strive to achieve price stability and a healthy banking system in the light of the general economic policy of the state. In particular the new decree covers the following main points:

  • The CBE will be concerned with drawing up and implementing monetary,...