CBE Governor: Egypt’s Banking Sector Records Strongest Net Foreign Asset Position Since 2011
Hassan Abdalla, Governor of the Central Bank of Egypt, revealed that net foreign assets across Egypt’s banking sector had reached their highest level since 2011, reflecting continued improvements in the country’s external financial position.
CBE Focuses on Monetary Stability
Abdalla said the Central Bank continues to prioritize financial stability and banking sector resilience through a transparent monetary policy framework focused on containing inflation and maintaining a market-driven flexible exchange rate.
AI Adoption and Cybersecurity Priorities
The Governor highlighted the growing role of artificial intelligence in the financial sector, noting that the CBE is using AI technologies through its Data Science Center to enhance operational performance and economic analytics.
He stressed that technological innovation must be accompanied by effective risk management, strong governance standards, and comprehensive cybersecurity frameworks.
Conference Examines Digital Financial Markets
Speaking at the 49th Annual Conference of the Arab Federation of Financial Markets Dealers, held in Egypt from November 5 to 7, Abdalla highlighted the record $57.5 billion in foreign exchange reserves at the end of October 2026.
The conference, attended by approximately 500 participants representing 40 countries, is examining global economic challenges, sovereign debt, investment opportunities, artificial intelligence in banking, and the expansion of digital assets and currencies.