Sisi reveals the reason for liberalizing the exchange rate at this time

12:43 PM

Saturday 09 March 2024

President Abdel Fattah El-Sisi

Books – Muhammad Nassar:

President Abdel Fattah El-Sisi, President of the Republic, revealed the reason for taking the decision to liberalize the exchange rate in the current period specifically.

The president said, during the educational symposium for the armed forces, today, Saturday: We have between 45 and 50 billion dollars, from the Ras al-Hikma project, the International Monetary Fund and the European Union agreement, and other matters. When I have this number and am able to create a flexible exchange rate according to demand, then I can succeed.

President Sisi added: But otherwise there would have been a very big problem in Egypt. Did I blame businessmen and people in Egypt for the dollar and betting on it? Did I blame anyone? Did I blame people who brought goods and priced the dollar at 70 and 80 pounds? I took sharp action against Limit?.

He continued: Can someone tell me why I didn’t take action? I mean, we stay in a big crisis like this and we take measures that complicate the matter more than necessary and we don’t try to solve the issue and we all get a little tired.

He continued: Don’t let anyone get upset by this word. Don’t turn your back on your country. This is for all of you. What I’m going to say is very strange. It’s two days. We’ll all sit on the face of the world and walk. If you collect your money from what is permissible, it will benefit you, and if you collect anything else, it will still be a fire for you. If it is… Do you believe that there is a reckoning and this universe has a friend who brought us and tests us?

The president concluded: People did not talk about prohibiting any of these behaviors, taking into account that matters in countries are governed by regulations and laws, but until this point some people are absent and they do not know what is permissible and what is forbidden to do.

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