Central Banks of Egypt and China Sign MoU for Exchange of Information and Expertise

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Areas of collaboration include monetary policy, financial markets, electronic payment systems and services, financial and supervisory technologies, and banknote issuance.

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), has signed a Memorandum of Understanding (MoU) with Pan Gongsheng, Governor of the People’s Bank of China (PBOC).

The signing took place at the Egyptian Cabinet headquarters, witnessed by Egypt’s Prime Minister Mostafa Madbouly and China’s Premier Li Qiang, alongside senior officials from both countries.

The MoU establishes a framework for cooperation through the exchange of information and expertise, as well as training and capacity-building for staff at both central banks. Areas of collaboration include monetary policy, financial markets, electronic payment systems and services, financial and supervisory technologies, and banknote issuance.

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 Pan Gongsheng highlighted that the agreement represents “a pivotal step in advancing economic relations between Egypt and China,” noting that it would promote the exchange of best practices and regulatory coordination, paving the way for deeper bilateral financial collaboration.