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Prime Minister Holds Central Bank Meeting
Prime Minister Mustafa Madbouly met with Central Bank Governor Hassan Abdalla to discuss economic issues, including enhancing financial and monetary stability. The meeting focused on coordinating the development of the national economic transformation program, reducing inflation rates, increasing dollar inflows to ensure sufficient foreign currency reserves that meet strategic needs, as well as strengthening the strategic stockpile of goods. Additionally, the Central Bank announced that remittances from Egyptians working abroad increased by 28.1% during the first seven months of 2026, reaching $29.7 billion. The upward trend in workers’ remittances continued in July 2026, with a 20% rise compared to the same month of the previous year.
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