Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), received Fathi Zouheir Nouri, Governor of the Central Bank of Tunisia, to discuss avenues of joint cooperation between the two institutions.
During the meeting, Abdalla highlighted the deep-rooted historical ties and fraternal relations between Egypt and Tunisia, noting their continuous development across various levels in ways that support stronger economic cooperation between the two sister nations.
The discussions focused on enhancing collaboration between the two central banks across all areas, within the framework of the memorandum of understanding signed between them. This agreement provides for the exchange of expertise in fields such as financial stability and monetary policy.
Both sides also reviewed key regional and international economic and financial developments, as well as the efforts undertaken by the two central banks to address current global and regional geopolitical challenges. They emphasized strengthening the banking sector’s capacity to support development plans and achieve sustainable growth.
At the conclusion of the meeting, both parties underscored the importance of maintaining coordination and consultation in the coming period to further strengthen bilateral relations and advance the shared interests of the two countries.
The memorandum of understanding signed between the CBE and the Central Bank of Tunisia in September 2024 aims to facilitate the exchange of experiences and expertise through workshops, training programs, conferences, and meetings. It also promotes cooperation in technical fields according to the needs of both parties.
These areas include financial stability, regulatory developments, exchange rate policy, human resources, settlement and payment systems, financial inclusion, cash and liquidity management, research, publications and statistics, anti-money laundering and counter-terrorism financing, supervision and oversight of regulated entities, monetary policies and operations, digital transformation and modernization of information systems, cybersecurity, and the management of banking operations for governments and public institutions.
