10 Hrs
Source:
بوابة الفجر
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PM holds talks with Central Bank chief
The meetings between Prime Minister Dr. Mustafa Madbouly and Central Governor Hassan Abdalla focused on strengthening financial and monetary stability in Egypt. The efforts of the government and the Central Bank were reviewed regarding reducing inflation and increasing foreign cash inflows. Remittances from Egyptians working abroad rose by 28.1% to approximately $29.7 billion as of July 2026, with a 20% increase in July's remittances compared to the same month last year. These developments affirm the ongoing upward economic performance and the success of policies in safeguarding reserves and enhancing the strategic stockpile.
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