The End of the Dollar | A collapse in gold prices in Egypt and a decline in the price of the dollar on the black market in Egypt

https://www.youtube.com/watch?v=71WmygmW77w

Episode "The Fall of the Egyptian Dollar" summary channel
A collapse in gold prices in Egypt and a decline in the price of the dollar on the black market in Egypt

The latest news of Egypt's economy and new Egyptian economic affairs are presented by this episode of Samari TV.

And starting with gold prices, which witnessed a noticeable decline during the last three days in the Egyptian market, and economists attributed the matter to the Egyptian government legalizing the entry of gold by expatriates abroad into the Egyptian interior with exemption from customs.

In addition to the Egyptian government's decision to establish a gold investment fund. As this and that forced gold traders in Egypt to stop pricing in anticipation of the outcome of the two initiatives.

On the other hand, the black market for dollars in Egypt also witnessed a slight decline during the past hours, which was attributed to the cessation of buying and selling operations in the unofficial dollar window in Egypt until the meeting of the Central Bank of Egypt next Thursday.

Where there are conflicting expectations about the Central Bank of Egypt's intention to liberalize the exchange rate of the pound against the dollar or not.


Finally, the episode marks a bunch of important news. Foremost among them was the Egyptian President Abdel Fattah El-Sisi's announcement of the start of the wheat harvest season in the Egyptian country from within the reclaimed lands in eastern Al-Awainat, in addition to the opening of a potato factory, which the government said was to contribute to protecting the food security of the Egyptians.