Prime Minister Moustafa Madbouly said Wednesday recent outflows of hot money in the wake of regional tensions pose no threat to Egypt's financial stability, as the government no longer relies on these volatile inflows to support foreign reserves. Speaking at a weekly press briefing, the prime minister reassured investors and citizens that such capital movements are normal and happen worldwide. "Since the crises we faced in 2021 and 2022, Egypt no longer depends on hot money for reserve figures or economic stability. These funds leave during periods of uncertainty and return as soon as stability indicators emerge," Prime Minister Madbouly said. Attribution: Amwal Al Ghad English
