Meanwhile banks have imposed six increases in the prime rate, which was 8 1/2 percent in February 1988.
In developed nations, central banks track money supply daily and impose discipline on credit through regulation and interest rates.
In none of these cases, the audit found, did the bank impose penalties.
The central bank has imposed similar measures to prevent property speculation.
Most banks in Egypt actually impose a ceiling of their own.
His bank also has imposed a host of new restrictions before he can build a single house in a subdivision.
The central bank imposed the capital controls to stem a surge of speculative flows into the country, particularly in the bond market.
The bank is imposing the criteria according to which the loans are to be granted.
And in New York, only eight banks impose the fees.
Still, there is a heavy demand for cash, and many banks impose limits on withdrawals.