The Central Bank of Egypt (CBE) Governor Hassan Abdalla, said that the process of the customs release of goods and merchandise is progressing successfully, accompanied by the timely provision of the necessary hard currency by during a meeting with Prime Minister, Moustafa Madbouly.

The meeting focused on the results of recent economic decisions and their impact on the markets, including the release of customs duties on goods, and floating of the Egyptian Pound.

During the meeting, it was observed that both the banking sector and currency exchange offices are experiencing an increase in demand from individuals who want to convert dollars to Egyptian pounds.

Additionally, it was noted that the remittance rates from Egyptians residing abroad are gradually resuming.

Recently, Goldman Sachs expected that Egyptians' remittances abroad will increase to a little less than $30 billion by the end of 2027.

Total sales of hard currency by individuals at government exchange companies in Egypt within 6 days reached $20 million, Bankers told Asharq Bloomberg in March.

Earlier in March, Madbouly stated that Egypt released a large portion of the goods accumulated in the various ports, amounting to $3 billion during the past few days.