Head of the Importers Section of Cairo Chamber of Commerce, Ahmed Sheha, believes there is no crisis in the availability of the dollar in Egypt. “People are manipulating the dollar, causing its abundance in the market,” he added. Sheha said that the imports indicative list to be launched by the state will increase monopoly and raise prices, and he does not believe the dollar rate will decrease anytime soon.
Sheha criticised the Central Bank of Egypt’s (CBE) decision to cap dollar deposits at banks to $10,000 a day and $50,000 a month, saying that the decision is behind the growing price …read more
Source: Daily News Egypt