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Supervisor
Elham AbolFateh

Egypt

Sisi meets CBE's governor, confirms importance of maintaining monetary stability

Wednesday 13/June/2018 - 04:47 PM
Sada El Balad
Ahmad El-Assasy
 President Abdel Fattah al-Sisi met on Wednesday with Tarik Amer، governor of the Central Bank of Egypt (CBE), presidency spokesman، Ambassador Bassam Rady said.

During the meeting، Amer reviewed the overall performance of the Egyptian economy and the CBE's monetary policy. He pointed out to the CBE's keenness to make radical changes in the structure of economic growth through the adoption of a set of critical policies and procedures aimed at ensuring the sustainability of the structural reform program.

The Governor explained that these measures and policies have contributed to stimulating the economy and achieving an unprecedented rise in the level of foreign exchange reserves.

The spokesman added that the CBE's Governor o presented the latest developments in the settlement of financial technology to achieve financial inclusion. He noted that the number of dealers with banks and post offices reached about 17 million. He said that there is a plan to raise this number through legislative procedures and new services in banks. He pointed out to creating the environment to attract investment and encourage production to support economic growth and job creation.

Radi said that the president stressed the importance of continuing necessary measures to improve economic indicators and maintain monetary stability. The president stressed on the need to provide funds to strengthen social protection networks، taking into account the most needy groups and alleviate their burdens.

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