Optimism in the business community after raising the maximum deposit in foreign currencies

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Wednesday - 3 February 2016 - 1:24 PM

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A state of optimism prevailed in the business community after the decision of raising the maximum deposit cash in foreign currencies to 250 thousand dollars a month. A number of investors confirmed that the decision of Tarek Aamer , the governor of the central bank reflects his desire to implement reform policies in the banking sector, and leads to the revival of trade and industry movement and increases the confidence of international institutions and major companies in the Egyptian economy.

 

Ahmed Al-Wakil, head of the General Federation of Chambers of commerce said that the decision is a strong beginning for confirming the governor of the central bank desire in implementing the new policies of the banking reform, and returning the stability to the market and facilitating the provision of basic goods and raw materials. Especially limiting maximum deposit to 50 thousand dollars only was a major obstacle to import basic commodities such as oils and ghee, meat and poultry, because national products were not sufficient for actual needs.