Deputy Attributes Reserves Growth to Egypt's Economic Efforts

MP Dr. Awad Abu Elnega stressed that Egypt's foreign currency reserves have risen to approximately $56.3 billion, along with the availability of a strategic buffer of essential food supplies. This reflects the strength and resilience of the national economy, as well as the state's ability to meet citizens' needs and face global challenges. He explained that securing the strategic stockpile of basic commodities is a key pillar of national security, and that the country's efforts over recent years have focused on building an integrated food security system to ensure continuous supply and reduce the impacts of crises. He also pointed out that the increase in reserves supports fulfilling international obligations, helps stabilize the market and exchange rates, and emphasized the importance of continuing to support local production and manufacturing to reduce imports and increase exports. Maintaining market stability is crucial for achieving sustainable development.

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