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Al-Sisi reviews banking sector performance as Egypt’s foreign reserves reach record high
Egypt’s President Abdel Fattah Al-Sisi met Central Bank Governor Hassan Abdalla on Saturday to review developments in the banking sector and monetary policy, as official data showed foreign reserves climbing to a historic high, according to a presidential statement. The meeting examined financial sector performance in 2025, underscoring what the presidency described as continued financial stability and the resilience of the Central Bank of Egypt (CBE) and the broader banking system in supporting macroeconomic stability. Abdalla said net international reserves rose to $52.6bn in January 2026, marking the highest level on record, compared with $33.1bn in August 2022. Net foreign assets in the banking sector reached $25.5bn in December 2025, the highest level since February 2020. Net foreign assets at the central bank itself rose to $15.1bn in January 2026, according to the statement.
Source: Daily News Egypt February 21, 2026 17:31 UTC
