Presidential Spokesman Mohamed El-Shenawy said the meeting
discussed efforts to enhance the performance of the banking sector and boost
dollar inflows, particularly from domestic sources. The President was also
briefed on indicators related to strengthening the state’s foreign currency
reserves.
El-Shenawy added that the President reviewed progress in
reducing inflation and the economic and structural reforms implemented by the
government to improve financial and economic indicators. He also reviewed developments
in external debt as a share of GDP, with the Central Bank Governor confirming
that the ratio remains within safe levels. He noted that domestic foreign
currency resources reached a record high in August 2025, covering all local
obligations and achieving a surplus.
The President stressed the importance of increasing foreign
reserves and meeting financing needs to support development efforts. He called
for ensuring sufficient dollar liquidity to secure adequate supplies of
essential commodities and to reduce external debt. He also emphasized the need
to maintain a flexible exchange rate system.