Egypt’s central bank deputy governor reaffirms FX stability stance in London investor meetings
Egypt’s central bank is focused on maintaining exchange-rate stability and strengthening investor confidence, Deputy Governor Ramy Aboul Naga said on Thursday during meetings with international investors in London.
Aboul Naga held discussions with financial institutions, including HSBC and Jefferies, on the sidelines of the British Egyptian Business Association (BEBA) UK Business Mission 2026.
He said talks with HSBC investors covered recent monetary policy developments, foreign-exchange market trends, and foreign-currency inflows.
In a separate meeting with Jefferies, discussions focused on Egypt’s economic outlook, the banking sector, and opportunities to attract international financial institutions.
“The Egyptian economy has faced significant geopolitical and regional challenges in recent years, but the economic and monetary policies implemented have strengthened its ability to absorb these shocks and mitigate their impact,” Aboul Naga said.
He said the central bank was pursuing a flexible monetary policy framework aimed at strengthening market confidence and improving resilience to external shocks.
Aboul Naga said current priorities included price stability, banking sector resilience, financial inclusion, and digital transformation, as well as efforts to attract foreign investment.
“The Central Bank continues to pursue balanced policies that support macroeconomic stability, improve the efficiency of financial markets, and create a more attractive environment for local and international investors,” he said.
Separately, he met executives from Vodafone Egypt, including Chief Executive Mohamed Abdallah, to discuss telecommunications investment, fintech development, and digital transformation initiatives.
The meetings took place during the BEBA business mission in London, which brought together Egyptian officials, British investors, and financial institutions to discuss investment opportunities and economic reform.