Cairo: The Central Bank of Egypt (CBE) will receive 200 kilograms of gold bullion from the Public Prosecution in coordination with the finance ministry as part of an initiative to bolster the nation's foreign reserves, the prosecution office announced.

According to State Information Service Egypt, the gold, seized in legal cases and refined at the prosecution's expense, will be added to the Central Bank of Egypt's stockpile. Public Prosecutor Mohamed Shawky announced this development during his meeting with Finance Minister Ahmed Kouchouk.

Shawky emphasized that this initiative is the first of its kind and reflects the Public Prosecution's commitment to supporting the economy. He highlighted the growing coordination between the prosecution service and the finance ministry to enhance fiscal governance and safeguard public funds. Shawky remarked that efforts are focused on strengthening transparency, enforcing governance, and protecting public funds, with a continued emphasis on prioritizing cases with economic impact.

Shawky also noted a significant increase in revenue from asset seizures and judicial rulings, with collections from legal claims up 214 percent over the past two years and overall revenues climbing more than 300 percent compared to the previous four years.

Finance Minister Kouchouk praised the collaboration, describing the gold transfer as a significant step that underscores joint efforts to reinforce economic stability, reduce tax disputes, and improve governance.