The Central Bank of Egypt: From the 1960s Until Today ...Egypt

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The Central Bank of Egypt: From the 1960s Until Today
source : Egyptian Streets ( Egypt ) () 23
Central Bank of Egypt (CBE)Photo credit: Startup Scene This is the third article in the series ‘Egyconomy’ by Egyptian Streets, where Marina Makary explores current trends and debunks popular misconceptions surrounding the Egyptian economy. Only few people know that the Central Bank of Egypt (CBE) was not always the regulatory body responsible for the monetary and banking system as well as price stability in Egypt. Prior to the existence of the CBE, the National Bank of Egypt (NBE), the oldest Egyptian commercial bank, was responsible for the CBE’s duties. Established in 1898 with a capital of EGP 1 million, NBE’s role and duties repeatedly developed and changed, depending on different econo

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