President Abdel Fattah El-Sisi met on Wednesday with Governor of the Central Bank of Egypt (CBE) Tareq Amer.
Presidential spokesman, Ambassador Bassam Rady, said that the CBE Governor briefed the President on the overall performance of the Egyptian economy as well as the monetary policy of the Bank, pointing out to the Bank’s keenness to make radical changes in the structure of economic growth through adopting a set of critical policies and procedures aimed at ensuring the sustainability of the structural reform program, primarily the liberalization of the exchange rate.
Amer explained that these measures and policies have contributed to stimulating the economy and achieving an unprecedented rise in the level of foreign exchange reserves.
The spokesman added that the CBE Governor also presented the latest developments in the settlement of financial technology to achieve financial inclusion, noting that the volume of dealers with banks and post offices reached about 17 million, and that there is a plan to raise this number through legislative procedures and new services in banks.
For his part, the President stressed the importance of continuing to take all necessary measures to improve economic indicators and maintain monetary stability, stressing the need to work at the same time to provide funds to strengthen social protection networks, taking into account the most needy groups and reduce their burdens.