Egyptian economist Hani Genena announced that the Central Bank of Egypt’s increase interest rate by three percent in March came as compensation for the period of the coronavirus pandemic. During a telephone interview with “al-Mehwar” satellite channel, on Friday evening, he added that “There has been a shortage of US dollars since April, which is pushing traders to raise prices.” “We will feel the central bank’s measures in April,” he added. “From April, we will witness a decline in inflation rates, and in the same period the US dollar price will stabilize, which is a natural cycle of inflation in any country that undertakes economic reform.” “The interest rate on real estate in America rose
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