President Abdel Fattah El-Sisi met today with Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, to review the country’s key economic developments.
The Presidential Spokesperson reported that the President reviewed the latest indicators showing an improvement in economic conditions, such as the decline in the exchange rate and the continued decrease in inflation rates. During the meeting, they also discussed ongoing efforts to enhance the performance of the banking sector, increase dollar inflows from diverse sources, and strengthen the state’s foreign currency reserves. The Central Bank Governor confirmed that foreign currency reserves remain at very reassuring levels.
Ambassador Mohamed El-Shennawy, the official Presidential Spokesperson, highlighted President El-Sisi’s emphasis on the need to continue securing the necessary dollar resources to support production requirements, while also strengthening the strategic stock of essential goods to ensure increased supply and maintain stable prices that are affordable for all segments of society.
The President also directed that coordination between the government and the Central Bank be reinforced to ensure the maintenance of a unified and flexible exchange rate, while working on developing innovative credit rating models to support the economic sector.
Summary of Meeting Objectives:
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Monitor the improvement of economic indicators, such as lower exchange rates and declining inflation.
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Support banking sector performance and boost dollar inflows.
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Strengthen the state’s foreign currency reserves and ensure market stability.
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Secure production requirements and bolster the strategic stock of essential goods.
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Guarantee a stable and flexible foreign exchange rate.
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Develop new models for credit evaluation.
Presidential Directives During the Meeting:
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Continue securing dollar resources to support domestic production.
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Enhance the strategic stock of essential goods to increase supply and stabilize prices.
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Work towards achieving a sustainable reduction in inflation rates.
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Establish a unified and flexible foreign exchange rate to ensure market transparency.
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Introduce innovative credit evaluation mechanisms to improve economic policy.
Related Developments
Separately, the Monetary Policy Committee of the Central Bank of Egypt is scheduled to meet on Thursday, October 2, 2025, to review deposit and lending interest rates. Forecasts suggest a possible decision to cut interest rates by 1% to 2% in order to stimulate economic activity.
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