PM, CBE Governor discuss economic reforms, FX reserves
The government affirmed its commitment to securing safe levels of foreign exchange reserves to safeguard strategic commodity needs, noting ongoing efforts to bolster strategic inventories through constant coordination with the Central Bank. This came during Prime Minister Mostafa Madbouly’s meeting on Sunday, September 20, 2026, with Central Bank of Egypt (CBE) Governor Hassan Abdalla to … The…
Prime Minister Mostafa Madbouly and Central Bank of Egypt Governor Hassan Abdalla engaged in discussions to advance economic reforms and address foreign exchange reserve concerns on September 20, 2026. The meeting aimed to review priority economic files and mechanisms to ensure monetary stability. They emphasized the importance of safeguarding strategic commodity needs through maintaining adequate foreign exchange reserves.
The talks also covered the implementation of a joint national economic transition program, the current state of the national economy, efforts to reduce inflation, and strategies to increase dollar liquidity inflows. Governor Abdalla shared that Egypt was represented at significant international events, including the 48th Annual Meetings of the Association of African Central Banks in Nairobi and the 14th Governors’ Council Meeting of the Pan-African Payment and Settlement System.
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