Sisi, CBE governor review efforts to provide foreign exchange

President Abdel Fattah El Sisi held a meeting on Saturday with Governor of the Central Bank of Egypt (CBE) Hisham Ramez to thrash out efforts exerted to secure foreign exchange.

Also, they discussed measures adopted to eliminate currency trade via black market, presidential spokesman Alaa Yusuf said.

During the meeting, Ramez said that the actions taken by the CBE on the exchange rate led to the increase of dollar supply at the Egyptian banks.

The foreign currency reserves hit $19.6 billion by the end of May, he said.

Ramez briefed the president on the activities of the banking sector and its role in providing employment opportunities and promoting the business movement.