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Egypt

Telephone: +20 3 3924420

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Could Egypt depend less on 'hot money' as source to bolster its FX reserves in the short term?

Egypt's prime minister and finance minister asserted the government's intention to focus on attracting more direct investments to avoid shocks.

At the end of last year, the state adopted the “State Ownership Policy Document” to allow more room for private sector participation in economy.

The Central Bank took advantage of the tools of the monetary policy, and the financial policy to implement and enhance market stability.

In its first meeting in 2023, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to maintain unchanged the current rates.

The CBE attributed the surplus to the growing revenues of tourism, Suez Canal as well as petroleum and non-petroleum exports.

Finance Events

Seamless North Africa 21.02.2023

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