EFTA Document EFTA01379404

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • Exchange rate policy and supervision is conducted by the Central Bank of Egypt (hupliwww cbe.orses), which is also responsible for implementing monetary policy. The main policy instruments of the CBE are the overnight deposit and lending rates; these define the bounds of the overnight inter-bank rate. The CBE interacts with the market through regular deposit auctions. • The Egyptian po