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presented for public opinion.
Independent bodies and regulatory agencies notify the appropriate investigative
authorities of any evidence of violations or crimes they may discover. They must
take the necessary measures with regards to these reports within a specified period
of time. The foregoing is regulated by law.
Article 218: Fighting corruption
The state is committed to fighting corruption, and the competent control bodies and
organizations are identified by law.
Competent oversight bodies and organizations commit to coordinate with one
another in combating corruption, enhancing the values of integrity and transparency
in order to ensure sound performance of public functions, preserve public funds, and
develop and following up on the national strategy to fight corruption in collaboration
with other competent control bodies and organizations, in the manner organized by
law.
Article 219: Central Auditing Organization
The Central Auditing Organization is responsible for monitoring the funds of the
state, public legal personalities and other bodies to be identified by law; for the
implementation of the state budget and independent budgets; and for reviewing its
final accounts.
• Central bank
Article 220: Central Bank
The Central Bank is responsible for developing and overseeing the implementation
of monetary, credit, and banking polices, and for monitoring banks. It is exclusively
entitled to issue banknotes. It maintains the safety of the monetary and banking
system, and the stability of prices within the framework of the state's general
political economic policy, in the manner organized by law.
Article 221: Financial Supervisory Authority
The Egyptian Financial Supervisory Authority is responsible for monitoring and
supervising markets and non-banking financial tools including capital markets,
futures exchanges, insurance activities, real estate funding, financial leasing, and
factoring and securitization, in the manner organized by law.
Chapter Six: General and Transitional
Provisions
Section One: General Provisions
• National capital
Article 222: Capital
Cairo is the capital of the Arab Republic of Egypt.
Egypt 2014
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