His remarks, delivered on his behalf by Deputy Governor Tarek El Khouly at the opening of the 18th "People and Banks" Conference, reinforced the central bank's commitment to sustainable growth.
During the meetings, Kouchouk emphasized the potential of the BRICS group to significantly reshape the global economic landscape in favor of emerging and developing countries.
The CBE governor also noted that it is in line with the central bank’s own efforts to enhance the accessibility to financing opportunities for female entrepreneur
Abdallah, who is also Egypt’s governor at the AfDB, headed a high-level delegation of Egyptian officials at the meetings, including Dr. Rania Al-Mashat, Minister of International Cooperation, and Mr. Tarek El-Khouly, Deputy Governor of the CBE
Despite the CBE's currency adjustment causing a significant drop of 62% in the local currency against the USD, the pound demonstrated resilience and remained stable 24 hours after the float.
