During an emergency meeting at the Cairo Chamber: mismanagement is the main reason of the dollar crisis and the only solution is the production

Bookmark and Share

Monday - 8 August 2016 - 2:6 PM

newphoto

 

The problem of the dollar is the poor management of the crisis by the officials of the central bank, and encouraging the establishment of projects, production, exports, attracting investments, and offering real facilities to suppliers are the key points to resolve the current dollar crisis.




 

this came during the an emergency meeting held in Cairo Chamber to discuss the crisis of the dollar and its impact on the goods prices, in the presence of Ahmad Elwakil, the Chairman of the Federation of Chambers of Commerce, Mohamad ElFayomy, the Federation’s Treasurer, the Chairman of Qalyoubia Chamber and member of Parliament.

 

Ali Shoukry, Cairo Chamber’s Vice Chairman said that the solution of this problem is the Central Bank transparency regarding this problem, especially the latest statements of the Central Bank Governor caused confusion in the market, and we need to reconsider these affecting statements, which influence on Dollar dealings

 

Cairo Chamber vice Chairman confirmed that after this meeting during the coming days a detailed memorandum of Cairo Chambers suggestions will be submitted to concerned authorities, including the proposals of various business divisions of Cairo Chamber.