Response to the initiative of The Former Prime Minister, Dr. Ali Lotfi

Minister of Finance: Account No. 25/1/2011 at the Central Bank of Egypt receives subsidy recovery donations

The Minister of Finance, Dr. El Morsy Hegazy sent a letter to Dr. Ali Lotfi former Prime Minister in response to the letter he received from Dr. Lotfi, which explains his own initiative to set up a fund for subsidy recovery, and opening a special account at the Egyptian Central Bank to receive donations from capable members of community by the subsidy value they had got from the state budget.

The Minister of Finance noted in his letter that Dr. Ali Lotfi’s initiative relies on what is shown by Egyptians, the spirit of responsibility and love to their homeland, which is reflected in their attitudes and sacrifices, for the sake of Egypt and help the state to encounter any crisis we witness.

He said that the government’s response to the initiative of subsidy voluntary recovering from capable people, any citizen who wishes to refund the subsidy he had got, can deposit this value as donation in the Single Treasury Account, opened at the Central Bank of Egypt, named support of the Egyptian national economy. Account No. 25/1/2011.

The Minister added that this account was opened in response to the citizens desire after the revolution to donate in purpose to support Egypt, and its number has been selected corresponding to the date of glorious 25 January revolution, to assure the noble purpose for which it was opened and to celebrate the revolution.

The Minister explained that it is possible to receive citizens’ donations in Egypt and in foreign countries, either to recover subsidy value or to any other noble purpose  through all operating banks in Egypt, as well through the Central Bank of Egypt’s reporters to account No. 25/1/2011 and these banks will transfer the received deposits to the Central Bank of Egypt.