The Central Bank of Egypt (CBE; ) is the central bank and monetary authority of the Arab Republic of Egypt.[4]
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.[5]
The bank floated the Egyptian pound during the morning of the 13th of November 2016.[6][7] Financial reserves of the Egyptian pound stood at 2.24 trillion in December 2024.[8]