Egypt's central bank will receive 200 kilograms of gold bullion from the Public Prosecution in coordination with the finance ministry as part of an unprecedented initiative to bolster the nation's foreign reserves, the prosecution office announced Sunday. The gold, seized in legal cases and refined at the prosecution's expense, will be added to the Central Bank of Egypt's (CBE) stockpile, Public Prosecutor Mohamed Shawky announced during his meeting with Finance Minister Ahmed Kouchouk on Saturday. "This national initiative is the first of its kind and reflects the Public Prosecution's awareness of its responsibility to support the economy," Shawky said, highlighting the growing coordination between the prosecution service and the finance ministry to safeguard public funds and enhance fiscal governance. "Our efforts are focused on strengthening transparency, enforcing governance, and protecting public funds, and we will continue to prioritise cases with economic impact to serve the public interest." Shawky said revenue from asset seizures and judicial rulings has surged, with collections from legal claims up 214 per cent over the past two years and overall revenues climbing more than 300 per cent compared with the previous four years. Kouchouk praised the collaboration, calling the gold transfer "a significant step" that highlights joint efforts to reinforce economic stability, cut tax disputes and improve governance. Attribution: Amwal Al Ghad English
