“600 million dollars in two days.” The government: The coming period will witness m

09:38 PM

Sunday, December 25, 2022

Books – Muhammad Abu Al-Majd:

Ambassador Nader Saad, the official spokesman for the Presidency of the Council of Ministers, said that the total amount provided by 11 banks in the banking sector is about $600 million for the release of goods from the ports during the past Wednesday and Thursday, which is an unprecedented number, and these numbers are considered the best evidence of the better situation. Much of what we have now.

Saad added, in a telephone interview to the “On My Responsibility” program on the “Sada Al-Balad” satellite channel, on Sunday evening, that the Egyptian state would not have been able to intervene with such bold measures had there not been enough hard currency that would enable the Egyptian state to release goods. 5 billion in 23 days, and saving 600 million dollars in two days, which confirms that we are in a much better position.

He continued, that the parallel market for hard currency witnessed negative shocks, saying: “Those who were speculating on the dollar discovered that they made a big mistake and incurred losses in their speculation on the dollar, and the coming period will undoubtedly witness a further decline in the price of the dollar in the parallel market.”

And he added that the releases of goods at customs will reflect very positively on prices, which is the main issue and preoccupation of the state and the government in all its institutions, saying: “There is no talk above the talk of prices.”