Economists have touched on the various advantages the Egyptian economy may receive from the currency swap agreement signed on Thursday with the UAE. Egypt and the UAE signed an agreement that allows the two parties to exchange the Egyptian pound and the UAE dirham, with a nominal value of up to LE42 billion or five billion AED. According to one economist, the agreement provides Egypt with its needs for services and goods, while another said that it reduces pressure on the US dollar demand in Egypt. It comes under efforts to strengthen close relations between the two countries at all levels, which contributes to facilitating and increasing the volume of trade exchange between them, the Emira
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