Governor of the Central Bank of Egypt (CBE) Hassan Abdullah has underscored the importance of strengthening co-operation and coordination between Egypt and Tunisia in the financial and banking sectors, reflecting the deep-rooted historical ties and fraternal relations between the two countries and supporting their shared economic interests.
Abdullah’s remarks came during a meeting on Monday writh Governor of the Central Bank of Tunisia Fathi Zouhair Nouri, during his visit to Cairo to discuss avenues for enhancing bilateral co-operation and expanding collaboration between the two central banks.
Governor Abdullah welcomed his Tunisian counterpart, praising the continued development of Egyptian-Tunisian relations at various levels and highlighting their positive impact on economic and financial co-operation between the two brotherly nations.
The discussions focused on ways to deepen co-operation within the framework of the Memorandum of Understanding signed between the two central banks in September 2024.
The agreement provides a comprehensive framework for exchanging expertise and technical knowledge across a wide range of banking and financial fields, including financial stability, monetary policy and regulatory development.
The meeting also reviewed the latest regional and international economic and financial developments, as well as the measures undertaken by both central banks to address current geopolitical and economic challenges.
Particular emphasis was placed on enhancing the resilience and efficiency of the banking sector to support national development priorities and achieve sustainable economic growth.
Both sides exchanged views on strengthening institutional co-operation through specialised training programmes, workshops, conferences and technical exchanges, while exploring opportunities to further benefit from each country’s experiences in key areas of central banking and financial sector development.
The Memorandum of Understanding between the Central Bank of Egypt and the Central Bank of Tunisia covers a broad range of areas, including financial stability, exchange rate policies, payment and settlement systems, financial inclusion, liquidity and cash management, monetary operations, banking supervision, anti-money laundering and counter-terrorist financing measures, cybersecurity, digital transformation, human resources development, research and statistics, as well as the management of banking operations for governments and public institutions.
