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المصري اليوم
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المصري اليوم

2026-11-09T11:43:44.000Z

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Sisi discusses inflation

Sisi discusses inflation

President Abdel Fattah el-Sisi met with Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdallah to review economic performance and upcoming reforms, focusing on reducing inflation and increasing dollar inflows. The governor reported that foreign-exchange reserves had risen to $57.50 billion at 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. He also noted the adoption of rules for digital financial identity services. El-Sisi stressed the need to secure the country’s supplies of essential goods, balance innovation with investment in human capital, and strengthen risk management, governance and cybersecurity.

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