The activation process must be completed by the end of June 2026.
The central bank also kept the main operation and discount rates unchanged at 19.5%, citing recent inflation developments and forecasts amid an uncertain global environment.
Abdalla noted that Egypt is one of the founding members of the bank, hosts its headquarters, and ranks among its largest shareholders through the Central Bank of Egypt.
In its latest Monetary Policy Report, the central bank projected average annual headline inflation to range between 16% and 17% in 2026, and between 10% and 13% in 2027, compared with 27.4% recorded last year.
Core inflation excludes volatile items such as food and energy, offering a clearer picture of underlying price movements.
