Article (218)
The State shall fight corruption, and the competent control agencies and organizations shall be
identified by Law.
Competent control agencies and organizations shall coordinate their activities in combating
corruption, enhancing the values of integrity and transparency in order to ensure the sound
performance of public functions and preserve public funds, and shall develop and follow up
execution of a national strategy to combat corruption in collaboration with other competent
agencies and organizations, as regulated by Law.
Article (219)
The Central Auditing Organization shall be responsible for monitoring the funds of the State, the
funds of the State public and independent legal persons and other authorities as specified by
Law; s well as being responsible for monitoring the implementation of the State budget and
independent budgets and for auditing its final accounts.
Article (220)
The Central Bank shall be responsible for developing and overseeing the implementation of
monetary, credit, and banking polices, and for monitoring the performance of banks. It is solely
entitled to issue banknotes. It shall maintain the integrity of the monetary and banking system,
and the stability of prices within the framework of the State general economic policy, as
regulated by Law.
Article (221)
The Egyptian Financial Supervisory Authority (EFSA) shall be responsible for monitoring and
supervising financial non-banking markets and instruments including capital markets, futures
exchanges, insurance activities, mortgage finance, financial leasing, and factoring and
securitization, as regulated by Law.
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