El-Sisi also called for striking a balance between technological innovation and investment in human capital to support the future of Egypt’s banking sector.
President Abdel Fattah El-Sisi has emphasized the need to maintain adequate foreign exchange reserves to secure Egypt’s strategic requirements for essential commodities, stressing the importance of continuous coordination between the government and the Central Bank of Egypt (CBE).
The remarks came during a meeting on Monday with Prime Minister Mostafa Madbouly and CBE Governor Hassan Abdalla to review Egypt’s current economic performance and key priorities for the next phase of economic reforms, particularly efforts to further reduce inflation and increase foreign currency inflows.
El-Sisi also called for striking a balance between technological innovation and investment in human capital to support the future of Egypt’s banking sector.
He further directed officials to establish robust risk management frameworks, strengthen good governance, and enhance cybersecurity systems to mitigate potential threats to financial stability and market performance.
For his part, Abdalla reaffirmed the CBE’s commitment to maintaining financial stability and strengthening the resilience of the banking sector through transparency, continued efforts to curb inflation, and adherence to a flexible exchange rate regime determined by market forces.
The governor also highlighted the CBE Board of Directors’ approval of regulations governing digital financial identity services, as part of the bank’s ongoing efforts to accelerate digital transformation and promote financial inclusion.
Despite unprecedented regional and global challenges, Abdalla pointed to positive indicators in Egypt’s economic performance, noting that the country’s foreign exchange reserves reached a record $57.50 billion at the end of October 2026.
He added that the banking sector’s net foreign assets had also climbed to their highest level since 2011, reflecting improvements in Egypt’s external financial position.
