Eng. Ibrahim AlAraby Cairo Chamber chairman said that Raising US dollar price by Central Bank is an attempt to bring the price closer to the official rate in banks and exchange companies, especially with holding the economic conference in coming March. This procedure gives the investor a clear view of the projects, feasibility studies, value-added, and expectations of profit and this does not happen only if there is a fixed and just Exchange Rate.

He has warned of the dangers of borrowing dollar from banks, which cause a large burden on the borrower investors and that will be reflected on the price of the item for the consumer and rising prices of dollar ultimately borne by the consumer.