President Sisi reviewed the latest positive trends, such as a decline in the exchange rate and the continued fall of inflation rates, said Ambassador Mohamed El-Shenawy, the official spokesman for the Presidency of the Republic.
The president was also briefed on efforts to boost the
performance of the banking sector and increase dollar inflows from various
sources, as well as indicators related to strengthening the state's foreign
currency reserves.
Abdalla, the Central Bank Governor, indicated that the
country’s foreign exchange reserves are at very reassuring level.
In this context, the spokesman stated that President Sisi
stressed the importance of continuing efforts to secure dollar needs for
production supplies and to enhance the strategic stock of various commodities.
This, he noted, is intended to ensure an increased supply and availability at
suitable prices.
During the meeting, Sisi directed that efforts continue to sustain the decrease in inflation rates and that coordination between the government and the Central Bank be maintained to ensure a flexible and unified foreign currency exchange rate. He also called for work to develop alternative credit rating models.