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Central Bank of Egypt, the Glossary

The Central Bank of Egypt (CBE; البنك المركزي المصري) is the central bank and monetary authority of the Arab Republic of Egypt.^[1]

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23 relations: Bank, Banknote, Cairo, Central bank, Credit, Daily News Egypt, Economy of Egypt, Egypt, Elwin Palmer, External debt, Farouk El Okdah, Foreign exchange market, Foreign exchange reserves, Frederick Leith-Ross, Gold, Hassan Abdullah, List of central banks, List of central banks of Africa, Monetary policy, National Bank of Egypt, Payment system, PwC, State ownership.
1898 establishments in Egypt
Banks established in 1898
Banks of Egypt

Bank

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.

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A banknotealso called a bill (North American English), paper money, or simply a noteis a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand.

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Cairo

Cairo (al-Qāhirah) is the capital of Egypt and the Cairo Governorate, and is the country's largest city, being home to more than 10 million people.

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Central bank

A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. Central Bank of Egypt and central bank are central banks.

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Credit

Credit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date.

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Daily News Egypt

Daily News Egypt (DNE) is an English-language daily Egyptian newspaper established in 2005 and relaunched in June 2012.

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Economy of Egypt

The economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954–1970).

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Egypt

Egypt (مصر), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and the Sinai Peninsula in the southwest corner of Asia.

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Elwin Palmer

Sir Elwin Mitford Palmer (3 March 1852 – 28 January 1906) was a British colonial administrator.

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External debt

A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents.

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Farouk El Okdah

Farouk Abd El Baky El Okdah (فاروق عبد الباقى العقدة, born August 1946) was the Governor of the Central Bank of Egypt "CBE" from December 2003 to February 2013.

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Foreign exchange market

The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.

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Foreign exchange reserves

Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.

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Frederick Leith-Ross

Sir Frederick William Leith-Ross, GCMG, KCB (4 February 1887 – 22 August 1968) was a Scottish economist who was chief adviser to the UK government from 1932 to 1945.

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Gold

Gold is a chemical element; it has symbol Au (from the Latin word aurum) and atomic number 79.

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Hassan Abdullah

Hassan Abdullah (حسن عبد الله; born August 1, 1960) is an Egyptian financier.

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List of central banks

This is a list of central banks. Central Bank of Egypt and list of central banks are central banks.

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List of central banks of Africa

There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Central Bank of Egypt and List of central banks of Africa are central banks.

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Monetary policy

Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rate of inflation).

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National Bank of Egypt

National Bank of Egypt (NBE; البنك الأهلي المصري) is a bank founded in Egypt in June 1898, and is the country's largest bank (2013) in terms of assets, deposits, loans, bank-capital, number of total branches, and employees. Central Bank of Egypt and National Bank of Egypt are 1898 establishments in Egypt and banks established in 1898.

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Payment system

A payment system is any system used to settle financial transactions through the transfer of monetary value.

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PwC

PricewaterhouseCoopers International Limited is a multinational professional services brand of firms, operating as partnerships under the PwC brand.

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State ownership

State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party.

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References

[1] https://en.wikipedia.org/wiki/Central_Bank_of_Egypt

Also known as Egypt central bank.