السيسي يوجه بزيادة الجهود لرفع الحصيلة الدولارية

The spokesperson for the Egyptian presidency, Ambassador Mohamed El-Shenawy, revealed that Egyptian President Abdel Fattah El-Sisi held a meeting to discuss updates on enhancing the performance of the banking sector and the efforts made to increase dollar revenues, particularly from local resources, in addition to briefing the president on indicators related to strengthening the state's foreign currency reserves.

El-Shenawy explained in a statement that El-Sisi followed up during the meeting, which was attended by Prime Minister Mostafa Madbouly, Central Bank Governor Hassan Abdallah, and the President's Financial Advisor Ahmed El-Shazly, on the developments in efforts to reduce inflation rates and the economic and structural reforms being implemented by the government to improve financial and economic indicators.

Safe Levels

El-Sisi also monitored the development of external debt as a percentage of GDP, as the Central Bank Governor indicated that this percentage is considered within safe levels, affirming in the same context that local resources of foreign currency reached a record level during August 2025, ensuring coverage of all local obligations and achieving an actual surplus.

El-Shenawy clarified that the Egyptian president emphasized the importance of focusing on increasing levels of foreign currency reserves and meeting the necessary funding needs to enhance developmental efforts, while continuing to provide dollar resources sufficiently, which positively reflects on ensuring a reassuring stock of various goods and working to reduce external debt. He also stressed the need to continue operating under a flexible exchange rate system.

Net Reserves

A few days ago, the Central Bank of Egypt announced an increase in the country's net international reserves to $49.25 billion by the end of August 2025. The increase in foreign currency reserves in Egypt was approximately $214 million last month.

By the end of July, net foreign reserves recorded an increase to $49.036 billion compared to about $48.7 billion in June 2025.

Regarding debts, data from the Central Bank of Egypt indicates a decrease of about $111 million during the second quarter of the fiscal year 2024/2025, bringing it to $155.09 billion by the end of December 2024, compared to $155.20 billion by the end of September 2024.

The decline in Egypt's external debt is attributed to a decrease in long-term debt by $3.44 billion during the second quarter of 2024/2025, recording $124.10 billion by the end of 2024, compared to $127.54 billion by the end of September 2024.

The volume of short-term debt reached approximately $30.99 billion by the end of the second quarter of the fiscal year 2024/2025, compared to $27.67 billion by the end of the first quarter of the same fiscal year.