El-Sisi directs efforts to increase dollar inflows, support economic growth

President Abdel Fattah El-Sisi has emphasized the importance of continued efforts to increase foreign currency inflows, with a focus on local resources, while ensuring consistent coordination between the government and the Central Bank of Egypt (CBE) to maintain a unified and flexible exchange rate for foreign currencies.

In a meeting with Hassan Abdalla, the Governor of the CBE, on Monday, President El-Sisi reviewed the current economic landscape, discussing measures to curb inflation and strengthen Egypt’s foreign exchange reserves. The conversation also included an analysis of global economic trends and their potential impact on Egypt's economy.

The President underscored that a steady flow of foreign currency is crucial for securing a reliable supply of essential goods, petroleum products, and manufacturing inputs.

The meeting also addressed efforts to enhance financing opportunities for the private sector to foster economic growth, attract increased investment, and expand the role of the private sector in Egypt's economy.

In this context, President El-Sisi called for bolstered incentives to seize available economic opportunities and urged continued efforts to establish an environment that attracts more foreign investments, empowering the private sector to contribute more significantly to national economic development.