CAIRO – 29 September 2025: President Abdel Fattah El-Sisi ordered continued efforts to secure foreign currency needs to provide the country’s production requirements.
He emphasized the importance of these efforts to build strategic stocks of various goods, ensuring their increased availability and supply at appropriate prices.
The president made the remarks in a meeting on Sunday with Governor of the Central Bank of Egypt (CBE) Hassan Abdalla, who affirmed that Egypt’s foreign currency reserves remain at reassuringly high levels.
Sisi also instructed the continuation of measures to sustain the decline in inflation rates, and stressed ongoing coordination between the government and the CBE to maintain a flexible and unified exchange rate for foreign currency.
The president directed the development of alternative credit evaluation models.
The meeting addressed recent improvements in several key economic indicators, including a decline in the exchange rate and the continued easing of inflation rates.
Discussions also covered progress in strengthening the performance of the banking sector, increasing dollar inflows from various sources, and enhancing the country’s overall foreign currency reserves.
Mon, Sep. 29, 2025
