Egyptian Prime Minister Mostafa Madbouly met on Sunday with Central Bank of Egypt Governor Hassan Abdalla to coordinate policy and reinforce monetary stability.
What happened
The two officials reviewed joint work on the National Economic Transformation Programme and measures aimed at curbing inflation and boosting dollar inflows. They also examined strategies to keep foreign‑exchange reserves at levels sufficient to cover strategic commodity needs.
Why it matters
Maintaining adequate reserves is critical for Egypt’s ability to import essential goods and sustain economic reforms. Strengthening strategic commodity stocks helps buffer the economy against external shocks.
Background
The meeting is part of regular government‑central bank coordination. Recent data show remittances from Egyptians abroad rose 28.1% year‑to‑date, reaching $29.7 billion between January and July 2026, up from $23.2 billion a year earlier. July 2026 alone saw a 20% increase to $4.5 billion.
What comes next
Madbouly and Abdalla plan to continue aligning fiscal and monetary policies, monitor reserve levels, and implement steps to sustain the inflow of foreign currency and stabilize prices.