Sisi Calls for Sustaining Safe Forex Reserves as Holdings Hit Record $57.5b
4 Articles
4 Articles
Al-Sisi calls for further deflation, debt cut, and stronger foreign currency inflows
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to bring down inflation and public debt, increase foreign currency inflows and maintain sufficient foreign exchange reserves to cover the country’s strategic import needs. Al-Sisi issued the directives during separate meetings with Prime Minister Mostafa Madbouly, Central Bank of Egypt (CBE) Governor Hassan Abdalla […]
Sisi calls for sustaining safe forex reserves as holdings hit record $57.5b
President Abdel Fattah El-Sisi on Monday reviewed the performance of the national economy and the country’s economic reform agenda for the coming period, and stressed the need to maintain adequate foreign exchange reserves and boost the stability of the financial system. During a meeting attended by Prime Minister Mostafa Madbouly and Central Bank of Egypt […]
President Abdelfattah Sisi stressed the need to continue to work hard to provide safe levels of foreign-exchange reserves capable of securing strategic commodity needs through constant coordination between the Government and the Central Bank in this regard. This was the case during the meeting of President Sisi, today, with Dr. Mustafa Madboli, Prime Minister, and Hassan Abdullah, Governor of the Bank [...].
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