President Abdel Fattah El-Sisi emphasized that ensuring sufficient dollar resources has a positive impact on maintaining stable reserves of essential commodities, petroleum products, and production inputs for factories. He stressed the importance of continuously boosting foreign currency inflows, particularly from domestic sources, while highlighting the need for ongoing coordination between the government and the Central Bank to maintain a flexible and stable exchange rate for foreign currencies.
These remarks came during a meeting held yesterday between the President and Hassan Abdallah, Governor of the Central Bank of Egypt.
The Spokesman for the Presidency of the Republic explained that the meeting addressed various aspects related to the current performance of the Egyptian economy. Discussions included efforts to reduce inflation rates, strengthen the country’s foreign currency reserves, and review developments in the global economy along with the impact of international challenges on the domestic economy.
Ambassador Mohamed El-Shenawy, the official spokesman, added that the meeting also covered the provision of financing and investment opportunities for the private sector to stimulate economic growth. This, in turn, supports the attraction of more investments and reinforces the role of the private sector in economic activity.
In this context, the President directed intensified efforts to enhance incentives that maximize the benefits of available economic opportunities and enable the private sector to play a greater role in driving economic growth and attracting foreign investments. He also underlined the importance of creating a conducive environment to draw further investment inflows and expand the private sector’s contribution to the national economy.
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