CBE: Volume Of Deposits In Pound, Foreign Currencies Rose

The ministerial economic group has discussed the latest developments in the local market, praising the positive indications of the Cabinet’s economic plan that brought a rise in the deposits in the Egyptian pound and foreign currencies.

During the meeting, chaired by Prime Minister Hazem al-Beblawi, the Governor of the Central Bank of Egypt (CBE) praised the confidence in the Egyptian government’s economic policies.

Beblawi also listened to reports on the provision of basic commodities on the local market and the government’s policy to control price rises and means to protect the citizens against price increases through ration cards and the co-ops which offer shoppers prices lower than those on the market.

Source: SIS