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The Reasons For The Dollar's Move Again On The Black Market In Egypt - Foreign Affairs - Nairaland

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The Reasons For The Dollar's Move Again On The Black Market In Egypt by SummaryChannel: 7:44pm On May 22, 2023
The reasons for the dollar's move again on the black market in Egypt

https://www.youtube.com/watch?v=YJ7890qguGw

New Egyptian economic affairs presented by this episode of Samari channel.
And the beginning of the return of dollar prices to the rise in the black market, in addition to the rise in the prices of basic commodities. The episode presents a detailed account of the reasons: external factors related to the return of the US dollar to the rise and the policies of the US Federal Bank towards interest, in addition to internal factors, on top of which was the decision of the Central Bank of Egypt to fix interest rates in its last meeting last Thursday, contributed to the increase in uncertainty in the Egyptian market towards The fate of the exchange rate of the pound, and the high demand for wealth stores represented in the dollar and gold.

On the other hand, the episode presents 3 future scenarios related to the fate of the $3 billion loan that Egypt obtained from the International Monetary Fund, the disbursement of the second tranche of which has been delayed so far due to the Egyptian government's failure to fully comply with the terms of the economic reform program set by the Fund.

The episode presents the details of these scenarios, while revealing the latest news related to the sale of stakes in Egyptian state-owned assets to strategic foreign investors, especially

Can the Egyptian government carry out the “fourth flotation” to achieve the condition of the International Deficiency Fund in an attempt to reform the Egyptian economy and gradually return the Egyptian pound to its position?
This is what we will know in an episode of Fire, the postponement of floating from the summary channel. Watch to find out.... Follow us

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Re: The Reasons For The Dollar's Move Again On The Black Market In Egypt by airmark(m): 9:54pm On Jun 30, 2023
Ibime, abeg which app do you use seamlessly to transfer money from UK to Naija. It seems you mentioned it on the sports thread before.
Re: The Reasons For The Dollar's Move Again On The Black Market In Egypt by Ibime(m): 5:03pm On Jul 02, 2023
airmark:
Ibime, abeg which app do you use seamlessly to transfer money from UK to Naija. It seems you mentioned it on the sports thread before.

Ohentpay

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