International Courant
The chairman of the Plan and Funds Committee within the Egyptian Home of Representatives and former professional on the IMF, Fakhry al-Fiqi, mentioned on Sunday that he predicts that the trade fee of the US greenback on the parallel market will fall after the Ras al-Hikma -crisis. settlement.
Throughout a phone dialog with al-Hadath al-Youm TV channel, Fiqi mentioned that the equilibrium value of the US greenback over the subsequent six months, in gentle of the hoped-for availability of the Ras al-Hikma venture and the conclusion of the settlement with the IMF might be within the order of LE45.
Unifying the trade fee might be of paramount significance, he harassed, noting that the willpower of the equilibrium value of the foreign money is linked to the encircling circumstances and the prevailing availability of the greenback.
Fiqi mentioned the true value of the pound towards the greenback, when issues stabilize and the financial system returns to exercise, could be between LE35-40.
The US greenback trade fee will stabilize inside six months: MP
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