The Egyptian government is trying to counter high demand for US dollar via new sources of foreign currency. One of these efforts is establishing a company for Egyptians expats to invest their savings in various economic activities in the local market. This aims to achieves a high return for them, and increases direct investments. The Egyptian government is also working to save the US dollar by completing the steps of commercial dealings with Russia in local currencies, and expanding to include China and India. According to a statement by Immigration Minister, Soha Gendi, a deal was made to establish a joint stock company for Egyptians abroad, including major investors who responded to a requ
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