The CBE governor also noted that it is in line with the central bank’s own efforts to enhance the accessibility to financing opportunities for female entrepreneur
Abdallah, who is also Egypt’s governor at the AfDB, headed a high-level delegation of Egyptian officials at the meetings, including Dr. Rania Al-Mashat, Minister of International Cooperation, and Mr. Tarek El-Khouly, Deputy Governor of the CBE
Despite the CBE's currency adjustment causing a significant drop of 62% in the local currency against the USD, the pound demonstrated resilience and remained stable 24 hours after the float.
Governor Hassan Abdalla emphasized the severity of inflation as the most pressing challenge faced by any economy
President El-Sisi issued the Presidential Decree No. 551 for the year 2023, essentially reshuffling the central bank’s board of directors and extending Abdallah’s one-year term until 2024, effective November 27, 2023
