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The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively - Foreign Affairs - Nairaland

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The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by SummaryChannel: 12:05am On Jul 20, 2023
The Egyptian government is resorting to printing the Egyptian pound intensively, in light of the power outage crisis and the cessation of gas exports

https://www.youtube.com/watch?v=mBMg1All4no

And starting with Reuters, which said that the Central Bank of Egypt is risking raising inflation rates in the country to record levels as a result of the policies to increase the money supply that it has been pursuing since the outbreak of the Corona virus and then the outbreak of the Russian-Ukrainian war. The episode explains the details of printing money and increasing the money supply in central banks around the world and its direct impact on rising inflation and increasing the country's financial problems in the long term.

On the other hand, the Egyptian government said that, in conjunction with the sharp rise in temperatures, it began to reduce electricity loads across Egyptian cities. In this context, the episode refers to the problems faced by Egyptian natural gas exports during the past few months due to the pressure on gas quantities from the local market inside Egypt.

Since the beginning of July, Egypt has been witnessing power outages, as power outages continue for long periods in many cities and governorates.

The reasons for power outages in Egypt are due to several factors, including:

Increased demand for electricity due to high temperatures and increased use of air conditioners.
Weakness of the Egyptian electrical network and lack of investment in this sector.
Malfunctions in power plants.
The natural gas shortage crisis that Egypt suffers from.
The power outage in Egypt caused many problems for citizens, as it negatively affects daily life and leads to the disruption of many services.

The Egyptian government is working to solve the problem of power outages, as it works to increase investments in the electricity sector and develop the electrical network. The Egyptian government is also working to increase natural gas production through new exploration projects.

The problem of power outages is considered one of the most important problems facing Egypt, as it negatively affects the Egyptian economy.

#Egypt
#pound
#Sisi

2 Likes 1 Share

Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by VeeVeeMyLuv(m): 12:23am On Jul 20, 2023
We have plentiful supply of natural gas. Come buy from us.

1 Like

Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by MrsTwrite(f): 2:33am On Jul 20, 2023
I see Nigeria as a target
Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by KnowAll(m): 2:39am On Jul 20, 2023
Obi said Egypt moved her electricity generation from 5000 megawatts to 50,000 megawatts. Now Egypt is suffering outages.

Another Obi lie exposed. Thank God he is not our president. Another Obi lie exposed.

3 Likes 1 Share

Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by fadsam: 2:56am On Jul 20, 2023
How does that reduce fuel money in naija?
Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by KGBKremlin: 3:10am On Jul 20, 2023
SummaryChannel:
The Egyptian government is resorting to printing the Egyptian pound intensively, in light of the power outage crisis and the cessation of gas exports

https://www.youtube.com/watch?v=mBMg1All4no

And starting with Reuters, which said that the Central Bank of Egypt is risking raising inflation rates in the country to record levels as a result of the policies to increase the money supply that it has been pursuing since the outbreak of the Corona virus and then the outbreak of the Russian-Ukrainian war. The episode explains the details of printing money and increasing the money supply in central banks around the world and its direct impact on rising inflation and increasing the country's financial problems in the long term.

On the other hand, the Egyptian government said that, in conjunction with the sharp rise in temperatures, it began to reduce electricity loads across Egyptian cities. In this context, the episode refers to the problems faced by Egyptian natural gas exports during the past few months due to the pressure on gas quantities from the local market inside Egypt.

Since the beginning of July, Egypt has been witnessing power outages, as power outages continue for long periods in many cities and governorates.

The reasons for power outages in Egypt are due to several factors, including:

Increased demand for electricity due to high temperatures and increased use of air conditioners.
Weakness of the Egyptian electrical network and lack of investment in this sector.
Malfunctions in power plants.
The natural gas shortage crisis that Egypt suffers from.
The power outage in Egypt caused many problems for citizens, as it negatively affects daily life and leads to the disruption of many services.

The Egyptian government is working to solve the problem of power outages, as it works to increase investments in the electricity sector and develop the electrical network. The Egyptian government is also working to increase natural gas production through new exploration projects.

The problem of power outages is considered one of the most important problems facing Egypt, as it negatively affects the Egyptian economy.

#Egypt
#pound
#Sisi

If power was taken in 1 minutes in 6 months is that one a News or fake news.

Naa fake news Egypt is 100 X better than Nigeria.
Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by HacheNoire: 3:24am On Jul 20, 2023
KnowAll:
Obi said Egypt moved her electricity generation from 5000 megawatts to 50,000 megawatts. Now Egypt is suffering outages.

Another Obi lie exposed. Thank God he is not our president. Another Obi lie exposed.

You said it all!

The fraud thought all Nigerians are illiterates who have no access to information’s, and are unenlightened.

The problem of Nigeria has never been lower generation, I still cannot decode what he was thinking before wasting aviation fuel to Egypt.

Nigerias major problem as it stand today, is transmission. We cannot even transmit what we generating as of today, and even if it were possible to deploy the whole world power generation infrastructure’s to Nigeria, the status quo will still be same.
Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by KnowAll(m): 3:44am On Jul 20, 2023
^^^^^^^^

Obi is a fraud and his fraud is being exposed b4 our very eyes.
Re: The Egyptian Government Is Resorting To Printing The Egyptian Pound Intensively by Nayturalistic: 4:06am On Jul 20, 2023
KnowAll:
Obi said Egypt moved her electricity generation from 5000 megawatts to 50,000 megawatts. Now Egypt is suffering outages.

Another Obi lie exposed. Thank God he is not our president. Another Obi lie exposed.

Omo leave that third class failure Abeg.

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