Federation of Chambers of Commerce: Central Bank decisions reduce pressure on the dollar


Dr. Alaa Ezz, Secretary of the Federation of Chambers of Commerce, said that reducing the demand for dollars from companies increases what is available in the market.

The Secretary of the Federation of Chambers of Commerce added, during a last speech program, broadcast on the channel on, that the new central bank decisions contribute to solving some crises, explaining that the new central bank facilitations were not dreamed of, and these are very bold steps.

The Secretary of the Federation of Chambers of Commerce explained that the decisions of the Central Bank will help many companies, and reduce pressure on the dollar.

And the Secretary of the Federation of Chambers of Commerce continued: The Central Bank is thinking outside the box, and after all the new Central Bank decisions, it will return to work, explaining that the recent meetings of the Central Bank and the facilities it provides come in conjunction and side by side with the government meetings and its efforts to treat the repercussions of last February’s decisions related to the crisis related to documentary credits. At the same time, offering new facilities.

He explained that the expected central bank facilitation will help regular and multinational companies, which will reduce pressure on the dollar and hard currency, facilitating work, and the new central bank decisions contribute to solving some crises, as reducing the demand for the dollar from companies provides what is available in the market, explaining that the central bank is now thinking Out of the box and uses its multiple mechanisms instead of the traditional precedent that has proven ineffective.

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