Inflows of Dollar to Egypt Reach $200 Bln in 4 Years: CBE GovernorSource: www.export-egypt.com 12/9/2019, Location: Africa |
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 Inflows of US dollar to Egypt have amounted to some 200 billion over the past four years, said Tarek Amer, governor of The Central Bank of Egypt (CBE).
Amer's statements came during a speech at the Arab Banking Conference, which is held on 8 and 9 December in Cairo. The CBE governor attributed the rise in dollar inflow to the successful financial and monetary programs applied by Egypt, which have helped stabilize the money market and reduce inflation. 'Egypt has also issued bonds for 40 years, as work is underway to implement a huge project meant to upgrade the industrial sector in the country, the CBE governor said. The CBE backs initiatives that support the industrial sector, he told the conference, stressing that unity behind the political leadership has helped overcome the financial crisis. |
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