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Government and Central Bank seek financial stability

Government and Central Bank seek financial stability

Prime Minister Dr. Mustafa Madbouly and Central Bank Governor Hassan Abdalla discussed strengthening financial and monetary stability in Egypt through coordination in developing the economic transformation program and reducing inflation. Figures indicate that remittances from Egyptians working abroad have increased by 28.1%, reaching $29.7 billion in the first seven months of 2026, with a 20% monthly rise in July. This reflects the efforts of the government and the Central Bank to support foreign reserves and boost economic performance.

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