Regulatory Alerts2020-09-30 | CBE9.1CBE Regulation Book 9.1 - Work Rules In The Return Price Framework System
The document outlines the rules and regulations for the Egyptian Central Bank's interest rate framework, known as the "System Corridor." The Central Bank sets a floating interest rate for banks, with an upper and lower limit, to maintain monetary stability. Banks are required to inform the Central Bank of their interbank lending rates, and the Central Bank has the authority to add or subtract from the interbank lending rates. The document also mentions the calculation of interest rates, the amount of currency, and the process of executing transactions.
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monetary