Al-Marsad Newspaper: Egyptian President Abdel Fattah El-Sisi commented, for the first time, on the historic decline of the Egyptian pound against the dollar, which last week exceeded 23 pounds.
He stressed the need to increase production to meet local demand, and said, during the activities of the Forum and the First International Exhibition for Industry: “The dollar crisis is revealing and has shown the need for concrete action. to obtain greater production to cover domestic demand before directing exports “.
Interestingly, at the end of last week, Egypt reached an expert-level agreement with the International Monetary Fund on a $ 3 billion reform program.
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