Central Bank of Egypt

{{Infobox central bank

| name = Central Bank of Egypt

| native_name = البنك المركزي المصري

| logo = File:Central Bank of Egypt Logo.png

| headquarters = Cairo

| coordinates = {{coord|30|03|16.9|N|31|14|48.0|E}} {{coord|30.0581|N|31.2343|E|source:wikidata|display=title}}

| established = {{Start date|1898|6|25|df=y}}{{cite web|url=http://www.bcl.lu/fr/publications/autres_publications/brochure_2008.pdf |title=Émergence d’une banque centrale|language=fr|website=bcl.lu|access-date=11 April 2024}}

| ownership = 100% state ownership{{cite web |last1=Weidner |first1=Jan |title=The Organisation and Structure of Central Banks |url=https://d-nb.info/1138787981/34 |website=Katalog der Deutschen Nationalbibliothek|year=2017|format=PDF}}

| reserves = {{USD|44.515 billion}}

| executive_title = Governor

| executive = Hassan Abdullah

| bank_of = Egypt

| currency = Egyptian pound

| currency_iso = EGP

| borrowing_rate = 12.25{{Cite news |url=https://www.cbe.org.eg/en/MonetaryPolicy/Pages/PressRelease.aspx |title=Press Release |date=2019-03-28 |work=Central Bank of Egypt |accessdate=2019-03-31}}

| interest_rate_target =

| deposit_rate = 11.25%

| website = {{URL|https://www.cbe.org.eg/en/Pages/default.aspx|www.cbe.org.eg}}

| predecessor = National Bank of Egypt (until 1960)

}}

The Central Bank of Egypt (CBE; {{langx|ar|البنك المركزي المصري}}) is the central bank and monetary authority of the Arab Republic of Egypt.

Currency

Since the trading of gold and silver coins in Egypt and until 1834, there was no one unit of currency to unify the country. In 1834, a decree was realised stating the forging of an Egyptian currency based on the two metals (gold and silver). In accordance with said decree, the minting of a currency in the shape of gold and silver Riyals began. In 1836, the Egyptian pound was first introduced and it became open for public use.{{cite web |url=https://www.cbe.org.eg/ar/BankNote/Pages/HistoricalOverview.aspx |title=نبذة تاريخية |language=ar |publisher=Central Bank of Egypt |access-date=28 June 2019}}

The bank floated the Egyptian pound during the morning of the 13th of November 2016.Hossam Mounir (2 November 2017) — [https://dailynewsegypt.com/2017/11/02/flotation-boldest-decision-history-egyptian-economic-banking-sectors/ Flotation was boldest decision in history of Egyptian economic, banking sectors], published by Daily News Egypt Retrieved 14 February 2020 [https://www.pwc.com/m1/en/publications/the-egp-devaluation-a-new-beginning.html The EGP Devaluation: A new beginning], published by PwC - Retrieved 14 February 2020 Financial reserves of the Egyptian pound stood at 2.24 trillion in December 2024.{{Cite web |last=Mounir |first=Hossam |date=2025-01-19 |title=CBE’s net foreign assets reach $11.64bn surplus in December 2024 |url=https://www.dailynewsegypt.com/2025/01/19/cbes-net-foreign-assets-reach-11-64bn-surplus-in-december-2024/ |access-date=2025-01-20 |website=Dailynewsegypt |language=en-US}}

Functions

Its functions include{{Citation needed|date=June 2022}}

Regulates banks and the banking system of Egypt;
Formulates and implements Egypt's banking policy, monetary policy and credit policy;
Issues banknotes;
Manages gold and the foreign exchange reserves of the Arab Republic of Egypt
Regulates and manages Egypt's presence in the foreign exchange market;
Supervises the national payments system;
Manages Egypt's public and private external debt.

List of governors

File:Egyptian Central Bank building.jpg

Following is a list of the Governors of the Central Bank of Egypt:{{cite web |url=https://www.cbe.org.eg/en/AboutCBE/Pages/CBEGovernors.aspx |title=CBE Governors |website=www.cbe.org.eg |language=en-us |access-date=2019-03-31 |archive-date=2018-12-30 |archive-url=https://web.archive.org/web/20181230014556/http://www.cbe.org.eg/en/AboutCBE/Pages/CBEGovernors.aspx |url-status=dead }}

class="wikitable centered"
Name ! Took office ! Left office
Sir Elwin Palmer \| August 1898 \| January 1906
Sir Frederick Rowlatt \| June 1906 \| February 1921
Sir Bertram Hornsby \| March 1921 \| February 1931
Sir Edward Cook \| March 1931 \| October 1940
Sir Norman Nixon \| October 1940 \| April 1946
Sir Frederick Leith-Ross \| May 1946 \| April 1951
Ahmed Zaki Saad \| May 1951 \| April 1952
Mohamed Fekry \| May 1952 \| March 1955
Ahmed Zaki Saad \| March 1956 \| July 1957
Abd El-Gelil El Emary \| November 1957 \| March 1960
Abd El-Hakim El Refaie \| March 1960 \| March 1964
Ahmed Zendo \| March 1964 \| February 1967
Ahmed Nazmy \| February 1967 \| January 1971
Ahmed Zendo \| February 1971 \| March 1976
Mohamed Abd El Fatah Ibrahim \| March 1976 \| January 1982
Mohamed Shalaby \| February 1982 \| March 1985
Ali Negm \| March 1985 \| November 1986
Mahmoud Hamed \| November 1986 \| October 1993
Ismail Hassan Mohamed \| October 1993 \| October 2001
Mohamed Abul Eyoun \| October 2001 \| November 2003
Farouk El-Okdah \| December 2003 \| February 2013
Hisham Ramez \| February 2013 \| November 2015
Tarek Hassan Amer \| November 2015 \| August 2022
Hassan Abdalla \|August 2022 \|Present

class="wikitable centered"

Name

! Took office

! Left office

Sir Elwin Palmer

| August 1898

| January 1906

Sir Frederick Rowlatt

| June 1906

| February 1921

Sir Bertram Hornsby

| March 1921