Prime Minister Mostafa Madbouly met Central Bank Governor Hassan Abdalla on Sunday to review key economic developments and mechanisms to support financial and monetary stability.
The meeting reviewed co‑ordination between the government and the Central Bank on preparing the national economic transformation programme, alongside efforts to reduce inflation, increase foreign currency inflows, maintain safe levels of foreign exchange reserves capable of securing strategic commodity needs, and further strengthen strategic stockpiles of essential goods.
Discussions also covered key indicators of the Egyptian economy, including remittances from Egyptians working abroad. According to recent Central Bank data, remittances rose by 28.1 per cent during the January–July 2026 period to around $29.7 billion, compared with $23.2 billion during the same period a year earlier. Remittances also continued their upward trend in July 2026, increasing by 20 per cent to $4.5 billion, compared with about $3.8 billion in July 2025.
The meeting reflects continued government and Central Bank co‑ordination to support economic stability, strengthen foreign currency resources, and secure strategic commodity supplies.
