The Central Bank of Egypt (CBE) and The Central Bank of Tunisia (BCT) signed a memorandum of understanding (MoU) in the banking field to enhance cooperation between the two sides in all areas of common interest. The MoU was signed by Hassan Abdullah, Governor of the CBE, and Fathi Zuhair Al-Nouri, Governor of the BCT.

The MoU reflects the strong relationship between the CBE and its Tunisian counterpart, Abdullah added.

 Aimed at advancing the banking sector in both countries, the MoU seeks to support monetary and financial stability to achieve sustainable development. This will be realized through the exchange of expertise and experiences in areas of shared interest.

The Governor of the BCT noted that this agreement is a new step towards enhancing the mutual ties of banking institutions and demonstrates shared commitment to developing the financial sector in both countries.

The MoU will focus on financial stability, regulatory developments, and exchange rate policy, aiming to maintain a secure financial environment.

It also emphasizes human resources, settlement systems, and payment services to enhance operational efficiency and transactions.

Financial inclusion, liquidity management, and research will ensure access to services, proper liquidity, and the promotion of financial research.

Key areas also include improving statistics, anti-money laundering efforts, and regulatory supervision, fostering compliance and data accuracy.

The agreement will further address monetary policies, digitalization, information systems modernization, cybersecurity, and the management of banking operations for government and public institutions to enhance security and technological infrastructure.