He will reach 13 pounds .. A money market expert reveals the date of the dollar’s ​​decline .. Video

Wael Enabah, an expert in financial markets, said that the high interest rate was the reason for the decline in investment attraction, pointing out that the lower the interest rate, the greater the investment wheel, whether locally or globally, explaining that it is important for the stability of legislation, and that its continuous change harms the Egyptian economic market.

Wael Enaba added, during his talk on the Good Morning Egypt program broadcast on the First Egypt Satellite Channel, that legislation must be fixed because any investor who wants to invest his money conducts feasibility studies on the existing legislation in the town he wants to invest in.

He stressed that the effect of the exchange rate began to appear at the beginning of 2020, where the dollar exchange rate fell by 20 piasters, adding that the past two weeks witnessed a very large demand for purchasing bonds in the Egyptian treasury estimated at one billion and 700 million pounds in just two weeks.

He pointed out that the dollar price is expected to decline and it is intended to retreat from the 15 pounds, and to reach only 13 pounds at the beginning of the year 2021, stressing that this is its normal price before the exchange rate is liberalized.

He explained that the Egyptian pound continues its strong performance against the dollar in the current year 2020, adding that the central bank does not interfere with the dollar exchange rate, but its decline comes in accordance with the policy of supply and demand.

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