Egypt’s dollar shortage seen solved soon - Al-Sisi

Cairo – Mubasher: Egypt’s President Abdel Fattah Al-Sisi said Monday that Egyptians will be soon able to purchase US dollars at unified rates.

“The coming days will carry good news for the people”, the state television quoted the president, regarding the current US dollar’s crunch.

The president revealed no details about the mechanisms for solving the current FX crunch.

The US dollar is standing at EGP 8.88 officially, but crossing over EGP 12 in the parallel market.  

Mubasher Contribution Time: 01-Aug-2016 13:51 (GMT)
Mubasher Last Update Time: 01-Aug-2016 13:51 (GMT)