US dollar exchange rate will decrease against Egyptian pound: MP ...Egypt

EGYPT INDEPENDENT - Economy
US dollar exchange rate will decrease against Egyptian pound: MP
source : EGYPT INDEPENDENT ( Egypt ) () 45
Egyptian MP Mahmoud al-Saeedi, a member of the Economic Committee in the House of Representatives, predicted that the US dollar exchange rate against the Egyptian pound will see a significant decline in the coming period, and assured Egypt is simply going through a passing crisis. Saeedi referred to current efforts made by the Egyptian state in this regard, represented by increased foreign investment flows to Egypt, in addition to the strategies the state has followed for economic reform, reaching self-sufficiency, maximizing local products, and increasing exports to relieve pressure on dollar.   Alleviating foreign currency pressure Saeedi noted that Egypt’s accession to the BRICS group wou

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