A republican decision to form a coordinating council between the Central Bank and the Government.
President Abdel Fattah El-Sisi issued Resolution No. 584 of 2021 regarding the formation and operation of the Coordinating Council, as stipulated in the Central Bank and Banking System Law promulgated by Law No. 194 of 2020.
According to the decision published in the Official Gazette, the Prime Minister seats the Council, which includes the Governor of the Central Bank, the Ministers of Planning and Finance, the Deputy Governor of the Central Bank, and the Deputy Minister of Finance for financial policies.
Dr. Ashraf El-Araby, Mr. Mohamed El-Etrebi, and Dr. Hussein Issa are one of the more experienced members of the group.
The Coordinating Council is in charge of establishing a mechanism for coordinating the Central Bank’s monetary policy and the government’s financial policy. The Council submits an annual report to the President of the Republic on its activities.