Cairo, Egypt
The Central Bank of Egypt, also known as the Egyptian Central Bank, focuses on maintaining the monetary and financial stability within the framework of the country's general economic policy guidelines. On August 30, 2026, it introduced a new 20 Egyptian-Pound polymer note and an electronic customer identification system (eKYC) for financial identity services. The Central Bank aims to achieve an average inflation rate of 7.0% (± 2 percentage points) in the fourth quarter of 2026. On August 31, 2026, 79% of the population had active accounts that allowed them to conduct financial transactions. The main interest rate of the Central Bank is 19.50%, with a daily deposit interest rate of 19.00% and a daily loan interest rate of 20.00%. The Central Bank's exchange rates for the US Dollar are at the purchase rate of 50.8678 and the sale rate of 50.9678, and for the Euro at the purchase rate of 58.8998.
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