Egyptian Finance Minister Mohammed Muit held a press conference in Cairo, the capital, on the International Monetary Fund (IMF) agreement.
Claiming to have entered into a $ 3 billion loan agreement with the IMF kakım part of the 6-month reform program, Muit also said they will get $ 1 billion in funding from the Sustainability Fund and approximately $ 5 billion. from other international partners.
The Central Bank of Egypt announced in the early hours that it has implemented a series of measures to prevent the depreciation of the local currency against the foreign one.