2024-03-14 17:31:23
Hassan Abdullah, Governor of the Central Bank of Egypt, confirmed that the demand for the dollar has begun to decline in light of the wide availability made by the bank and the speedy release of goods from customs in recent days.
This came during the meeting of Dr. Mostafa Madbouly, Prime Minister, today. With the Ministerial Economic Group, to review and follow up on a number of economic files, in the presence of Hassan Abdullah, Governor of the Central Bank, Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, and Dr. Hala Al-Saeed, Minister of Planning and Economic Development.
The meeting was also attended by Dr. Rania Al-Mashat, Minister of International Cooperation, Dr. Mohamed Maait, Minister of Finance, Engineer Mahmoud Esmat, Minister of Public Business Sector, Engineer Ahmed Samir, Minister of Trade and Industry, Ahmed Issa, Minister of Tourism and Antiquities, and Ahmed Kjouk, Deputy Minister of Finance. For financial policies, Dr. Ahmed Kamali, Deputy Minister of Planning for Planning Affairs, Dr. Mohamed Farid, Chairman of the Financial Supervision Authority, Hossam Haiba, CEO of the General Investment Authority, Rami Abul Naga, Deputy Governor of the Central Bank, and officials of a number of ministries and concerned authorities.
Economic Group meeting today
The Prime Minister began the meeting by indicating that he is following up, on a daily basis, the position of a number of economic files in cooperation and coordination with the Governor of the Central Bank, as well as the results of the decisions that have been taken recently, pointing to the positive indicators that are being monitored regarding the volume of dollar flows currently, whether from Transfers from Egyptians abroad, or waiving the dollar in bank branches and exchange offices, explaining that the demand is for the dollar.
Counselor Muhammad Al-Homsani, the official spokesman for the Council of Ministers, stated that the meeting witnessed a review of the executive steps and procedures for financial and monetary economic reform, which were agreed upon and determined by the state in its program with the International Monetary Fund, especially with regard to rationalizing government investments, containing inflation, and reducing the amount of debt. And other files.
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