A difficult decision that will enable Egypt to overcome the dilemma of the exchange rate

A tough choice that may allow Egypt to beat the dilemma of the alternate fee

World By Aug 22, 2023 No Comments

The top of the Egyptian Affiliation for Securities, Mohamed Maher, stated that the alternate fee dangers are nonetheless an impediment to transferring shortly in this system of promoting authorities belongings in Egypt, particularly for the overseas investor.

Maher added, in an interview with “Al-Arabiya” at this time, Tuesday, that it’s pure for traders to be involved concerning the overseas alternate fee declared within the official banking system, whereas there’s a parallel alternate fee, indicating that the federal government is going through a tough choice, however it’s the resolution. The one resolution to this dilemma is that there will probably be some low cost on the equal supply value in Egyptian kilos to scale back the dangers of alternate fee fluctuations for traders.

Maher confirmed that the privatization program adopted by the Egyptian authorities is continuing slowly and evidently, and there’s a delay as a result of many bulletins about firms that weren’t prepared for the providing.

He continued: Regardless of the delay, now we have witnessed in latest days severe affords, such because the announcement of the “United Financial institution” providing, and providing an influential stake within the “Jap Tobacco Firm”, and this supply attracted a Japanese firm that confirmed curiosity on this supply, and this heralds the curiosity of overseas traders on this supply. Egyptian authorities proposals.

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