The Governor of the Central Bank of Egypt: Provide the necessary funding for the purchase of strategic assets and production requirements

Bank of Egypt Governor Tarek Amer stressed the facilitation of procedures for financing strategic assets and production requirements.

Amer claimed in a statement to the Egyptian cabinet that regular meetings with manufacturers will be held and work will be done to resolve any issues that may arise.

Amer said any case presented would be investigated, stressing that “our goal is to support the Egyptian industry”.

This took place during Amer’s meeting with Egyptian Prime Minister Mostafa Madbouly, to follow up on ways to facilitate procedures for providing funding for strategic assets and production requirements.

The Prime Minister referred to the efforts made in coordination between the government and the Central Bank of Egypt in the past period to manage the exchange rates necessary to supply strategic goods and production needs, underlining that there is ongoing coordination between the government and the Central Bank in this regard.

Madbouly stressed the need for regular meetings with producers; To find out their hard currency needs needed to provide production inputs, in implementation of the President’s duties to support the Egyptian industry.

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