Ambassador Nader Saad, official spokesman for the Prime Minister’s Office, said that the total amount provided by 11 banking sector banks is around $600 million for the release of cargo from ports during the past Wednesday and Thursday, which is an unprecedented number, and these numbers are considered the best evidence of the best situation, much of what we have now.
Saad added in a telephone interview on the “On My Responsibility” program of the satellite channel “Sada Al-Balad” on Sunday evening that the Egyptian state could not have intervened with such bold measures if there were not enough hard currencies to it would allow the Egyptian state to free up 5 billion worth of goods in 23 days, saving 600 million dollars in two days, which confirms that we are in a much better position.
He continued that the parallel hard currency market has witnessed negative shocks, saying, “Those who were speculating on the dollar have found that they have made a big mistake and suffered losses in their speculation on the dollar, and the next period will be without dubious witness to a further decline in the price of the dollar in the parallel market.”
And he added that the release of goods to customs will reflect very positively on prices, which is the main issue and concern of the state and the government in all its institutions, saying, “There is no talk above the price discourse.”
