Madbouly denies the existence of a dollar crisis in Egypt and confirms the sufficiency of cash reserves

The Egyptian Prime Minister, Mostafa Madbouly, stated during a press conference today that there is no dollar crisis in Egypt, confirming that the Central Bank fully meets the demand for foreign currencies.

He added that foreign reserves are sufficient to maintain the flexibility of the exchange rate according to supply and demand mechanisms, emphasizing the state's ability to manage the monetary market without any crises.