What is the Central Bank of Egypt's role in regulating documentary credits and imports?

The Central Bank of Egypt (CBE) sets the rules governing imports and the provision of foreign currency; it periodically determines the priorities for essential goods (medicines, food, production raw materials and factory supplies), and it supervises the advance cargo pre-registration system (ACI) to ensure the governance of foreign currency flows and to keep the reserves from being drained on extravagant goods.