16 Hrs
Source:
المصدر
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Sisi Urges Safe Reserves
President Abdel Fattah el-Sisi, during a meeting with Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdalla, stressed the need to maintain safe levels of foreign-exchange reserves to secure strategic supplies of essential goods, through coordination between the government and the central bank. The governor noted that reserves had risen to $57.50 billion by the end of October 2026—their highest level on record—and that net foreign assets in the banking sector had reached their highest level since 2011. El-Sisi called for support for innovation and investment in human capital, as well as stronger risk management, governance and cybersecurity to safeguard the stability of the financial system.
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