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بوابة أخبار اليوم
Major decision ahead affecting banking and Egypt
A report indicates that Hassan Abdallah, Governor of the Central Bank of Egypt, is expected to be appointed or reappointed for a fifth term after his current term ends on August 17, 2026. Over the past four years, Abdallah has successfully led monetary policy, contributing to inflation control and exchange rate stability, achieving a record high foreign exchange reserve for Egypt, which reached $56.2 billion by the end of July 2026. This development reflects the stability of the Egyptian economy, enhances its credit rating, safeguards the currency, and provides strategic reserves to face external shocks.
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