2024-03-06 23:30:50
What will happen in the car market after the flotation of the pound today? I wonder if prices will increase. Don’t say why. Advice to everyone who is thinking about buying a car.
What we expected happened when the Central Bank freed the price of the pound and corrected a mistake that had lasted for years by protecting the Egyptian pound against other currencies. The result was the emergence of a black market for the dollar in the first test of the economy after the Russian-Ukrainian war. The state paid to fortify the currency by bearing a high bill after the rise in global commodity prices and was forced to bear the difference in Prices are starting to take a forced path towards liberalizing the price of the pound, so that the wheels are moving and investments are coming in.
Certainly, any economic decision, especially if it is a decision such as a flotation or a historical increase in the interest rate, will cause a state of disorientation and turmoil at the beginning and lead to rumors and intimidation. Naturally, the prices of the dollar and gold will rise in the first hours after the decision, because the markets will still be in a state of shock, but in the end the markets will stabilize on their normal path. The dollar will return to take its fair price, and it is all supply and demand, and the key to the float is that the state was able to collect a respectable dollar revenue with which to balance the exchange market, and it took many other measures to leave the reins of the market and the dollar in strong hands, away from tampering and speculation.
We said here at Banker that stability will return to the gold markets and to commodity prices when the dollar stabilizes naturally and takes its fair price, as we said, and what will be determined by the extent of the demand for the dollar compared to the abundance of supply of the American currency, and this is all of the Central Bank, of course, did its calculations on it before it took the decision, and for that reason I sent many letters to the markets. No one paid any attention to the citizens, such as the announcement of an increase in cash reserves, the announcement of the deal of the century in Ras Al-Hikma, and huge projects from China, Saudi Arabia, and Italy that will be signed very soon, and these are deals that will go beyond the Ras Al-Hikma deal, thus keeping the dollar under control.
Ok, what will happen in the car market in the coming period.. Look, my dear, the car market was like this. It was living and acting as if it had floated, and on the contrary, it was dealing with the black market dollar of about 70 pounds. That is why the merchants imposed overprices on the prices in order to guarantee their profits, and for that reason the Arabic that they wished for was Zero. 300 thousand has become a million pounds or more, and now, according to the scale of logic, the dollar will fall and stabilize at approximately 45 pounds after it returns from the center’s decision flurry and the increase in demand for it. Car prices will fall further and take their normal price because the import process will return again and the supply will increase in the markets and with the demand for buying cars met. The market will take its normal course.
1709793256
#effect #floating #pound #car #prices. #password