stresses egypts economy will improve
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Praising the recent decisions

Stresses Egypt's economy will improve

Arab Today, arab today

Arab Today, arab today Stresses Egypt's economy will improve

Egyptian Businesspersons Association
Cairo - Islam Abdel Hamid

Chairperson of Financial and Customs Committee in Egyptian Businesspersons Association Taha Khaled praised the decision taken by the Egyptian government to float the Egyptian pound, saying it was necessary to eliminate the dollar black market. He revealed that the Egyptian banks received $ 7 billion since the decision in November.
He added, in a statement to "Arabs Today", that the Egyptian government needed to take a number of decisions and measures to improve the economic situation, including liberalization of the exchange rate and raising the interest rate of the Egyptian pound. He signaled that Egyptians turned to sell the dollar for 20 percent-revenue saving certificates.
He attributed the current increasing prices of commodities to the decision to float the currency, stressing that the dollar exchange rate will not continue as it is now. He expected that the dollar will drop against the Egyptian pound during the coming period to reach to 12 pounds.
He stressed the need for increasing the exports and restoring the rates of tourism to pave the way for increasing the amounts of foreign currencies in the Egyptian banks before the end of the current year.
He praised the governmental success to restore the confidence of investors during the current period, saying that he is optimistic of the future of Egypt's economy. He expressed his confidence that the Egyptian economy will overcome the current crisis calling the government to take serious measure to attract the investors during the coming period. 

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

stresses egypts economy will improve stresses egypts economy will improve

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

stresses egypts economy will improve stresses egypts economy will improve

 



GMT 09:32 2018 Wednesday ,12 December

Huawei CFO gets bail; China detains ex-Canadian diplomat

GMT 15:51 2018 Sunday ,18 November

U.S. stocks post weekly losses amid tech shares rout

GMT 17:58 2018 Sunday ,25 November

Amman stock market wraps up trading at JD2.6 million

GMT 14:58 2018 Friday ,26 October

National Museum of Damascus to reopen for public

GMT 12:28 2018 Friday ,05 January

Geagea meets Ambassadors of Egypt, Poland

GMT 09:21 2018 Friday ,05 January

Last year's German car sales highest since 2010

GMT 06:13 2017 Tuesday ,19 December

German real estate giant to swallow rival in $6bn deal

GMT 03:49 2017 Monday ,04 September

April21st-May21st

GMT 04:29 2017 Tuesday ,29 August

Indonesians show solidarity with Egyptian people
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday