10:53 PM
Friday, December 09, 2022
Books – Hassan Morsi:
The journalist, Amr Adib, said that during the next 10 days, specifically before December 16, there are scenarios for measures expected to be taken by the government, prior to the meeting of the Executive Board of the International Monetary Fund to approve granting Egypt financing of $3 billion, provided that $750 million is sent. During this month.
Adeeb added, during his program “The Story”, broadcast on the satellite channel “mbc Egypt”, this evening, Friday, that all possibilities are presented before the meeting of the International Monetary Fund, and it is expected during the next 10 days, two scenarios, the first is that before the 16th there will be a rate hike. In addition to raising the price of the pound once morest the dollar, especially since the dollar now on the black market has reached more than 31 pounds.
As for the second scenario, it is that the state has alternative plans for raising interest, or moving the price of the pound once more, due to incoming financial flows, explaining: If you have money coming, you may not need to raise interest or move exchange rates, continuing: I expect something to change and something will happen. I say words that are repeated among the people in general, and what will actually happen, no one knows except the Central Bank.
The journalist, Amr Adib, noted that inflation, according to official figures, is close to 20%, explaining that raising the interest rate aims to reduce the inflation rate.
