Sunday 28 Sep/2025 – 02:57 PM
Hassan Abdullah, Governor of the Central Bank, stressed that the country’s foreign exchange reserves are available at very reassuring levels.
This came during his meeting today with President Abdel -Fattah El -Sisi, where the spokesperson for the presidency of the Republic stated that the president continued the developments related to the improvement of many indicators, such as the decline in the exchange rate and the continued decline in inflation rates, as well as the developments related to enhancing the performance of the banking sector, and increasing dollar flows from its various sources, as well as indicators for strengthening state reserves of foreign exchange.
Directions of low inflation and management of dollar needs
Ambassador Mohamed El -Shennawi, the official spokesman, added that the president confirmed the continuation of work towards managing dollar needs to provide production requirements, and to enhance strategic stocks of different commodities, in a way that guarantees increasing the supply and providing them at reasonable prices.
The spokesperson stated that President Sisi directed during the meeting to continue the efforts made to the continued low inflation rates, and continue to coordinate between the government and the central bank to ensure that a flexible and unified exchange rate for foreign currency is maintained, while working to invent alternative credit evaluation models.
