The Central Bank of Egypt (CBE) launched its new website on Tuesday. The website aims to enable access to all decisions, reports, and news related to the CBE’s monetary and banking policies, as well as provide access to statistical data, economic studies, and the initiatives launched by the entity to invigorate Egypt’s economy.
According to Lobna Helal, CBE’s deputy governor, launching the website comes within the framework of the CBE’s continuous efforts to create a platform that informs the public about policies and decisions related to monetary and banking stability. It also supports the concepts of disclosure and transparency. The CBE is keen on effectively communicating with the public and various stakeholders, such as the banking sector, local and international financial institutions, and others.
She added that the website is supported by technological features and tools that facilitate using it. The most important features are a search engine that brushes through all of the website’s content and the first electronic index for supervisory instructions issued by the CBE.
According to Ayman Hussein, assistant sub-governor of information technology and payment systems, the content of the new website is diverse. Among its sections one can find the monetary policy of the CBE, including its instruments and goals, a section about banking supervision including its mechanisms and rules, payment systems that support monetary stability, auctions of the government debt instruments, and details about the development of the Egyptian banknote since 1899.
He added that the section on economic research on the website includes many reports and statistical data that cover several time periods. These reports and data will be a valuable reference for researchers and scholars in many economic fields.