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Saturday, 17 April 2021

Egypt's Sisi orders continued implementation of measures to maintain monetary stability amid pandemic

The Central Bank of Egypt (CBE) governor previews the central bank’s initiatives in supporting the economy to help face the pandemic’s repercussions

Ahram Online , Saturday 30 Jan 2021
Sisi, Tarek Amer
Egypt's Sisi during a meeting with CBE governor Tarek Amer (Photo Courtesy of Presidency)
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Egyptian President Abdel-Fattah El-Sisi ordered on Saturday a continued implementation of measures to improve economic indicators and maintain monetary stability especially amid efforts to contain the economic fallout of the coronavirus pandemic.
 
Presidency spokesman Bassam Rady said El-Sisi held a meeting with Prime Minister Mostafa Madbouly and CBE Governor Tarek Amer.
 
The meeting saw discussions on efforts exerted by the CBE in the banking and monetary systems.
 
Amer previewed the central bank’s initiatives to support the economy to help face the pandemic’s repercussions.
The initiative aims to back several companies in various sectors to overcome the conditions posed by the pandemic and maintain its financial solvency, employment and supply the needs of the governmental sector to finance the development process. 
 
The CBE governor also previewed efforts by the banking sector in economic development, the governance of the sector’s performance and the enhancement of services provided by citizens through electronic payments.
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