Al-Marsad Newspaper: Everyone is awaiting the issuance of the interest rate decision by the Central Bank of Egypt, next Thursday, as many economists expect to keep interest rates as they are, due to the lack of sufficient liquidity of hard currency in the country.
The famous American investment bank, Goldman Sachs, ruled out a new devaluation of the Egyptian pound in banks in the near term, indicating that this would lead to the consolidation of the black market for dollar trading in Egypt.
Goldman Sachs said, in a recent report, that the continued operation of the black market increases the risk of exacerbating the related distortions in the economy that appeared in
Increasing dollarization in the markets and seeking to hoard foreign currencies from Egyptians.
2023-08-02 10:41:51
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