Monday, 25 May 2026
El-Sisi reviews currency reserves as Egypt targets financial stability
President Abdel Fattah El-Sisi held a key meeting today with Prime Minister Mostafa Madbouly, Central Bank Governor Hassan Abdalla, and Presidential Financial Affairs Advisor General Ahmed El-Shazly to discuss strengthening Egypt’s banking sector and boosting foreign currency reserves.
According to a statement from the Presidential Spokesperson, the meeting reviewed ongoing efforts to enhance the performance of Egypt’s banking system, including strategies to increase the country’s supply of US dollars, with a focus on domestic sources. President El-Sisi was also briefed on the latest indicators regarding the country’s foreign currency reserves.
The discussions included updates on government initiatives to lower inflation rates and implement economic and structural reforms aimed at improving Egypt’s financial outlook. Central Bank Governor Abdalla noted that, as of August 2025, Egypt’s ratio of external debt to GDP remains within safe limits and that foreign currency inflows from domestic sources reached record highs, ensuring sufficient coverage for local obligations and generating an actual surplus.
President El-Sisi emphasized the importance of further increasing Egypt’s foreign reserves and securing the financing needed for continued development efforts. He called for sustained access to hard currency to maintain comfortable inventories of essential goods, a continued reduction in external debt, and the adoption of a flexible exchange rate policy.