Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt Governor Hassan Abdalla to assess inflation trends, foreign currency reserves, and the effects of regional tensions on the economy.
The meeting evaluated Egypt’s economic reform programme and how ongoing regional conflicts have influenced inflation, external balances, and capital flows. Inflation had declined from a peak of 38% to around 11% before the latest crisis, while net international reserves hit a record $53bn in April 2026.
These reserves can cover about 6.3 months of imports and equal 158% of short-term external debt. Governor Abdalla confirmed the bank’s policy of maintaining a flexible exchange rate to handle external shocks.
Preparations were reviewed for Egypt hosting the 33rd annual meetings of the African Export-Import Bank in El Alamein in June. President Al-Sisi directed officials to speed up work on fiscal sustainability, financial discipline, and debt management while continuing to build reserves and contain inflation.