Chairperson of the Engineering Export Council of Egypt (EEC) Sherif El Sayyad Saturday said the latest decisions of the Central Bank of Egypt (CBE) contributes to unifying the exchange rate and eliminating the black market.
The flow of the dollar currency through Ras El Hekman mega project as well as the latest economic measures will contribute to restoring the stability of the state’s economy, Sayyad said.
Unifying exchange rates and raising interest rates will help secure hard currency needed for importation of materials, the head of the EEC said in a statement issued on Saturday.
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