Cairo Chamber’s Board of directors held an emergency meeting on Tuesday to discuss the dollar crisis and its impacts on the commodities in the market.

Ali Shoukry, Cairo Chamber Vice Chairman said that the increase of the dollar effects on the prices of the most commodities, especially, that the local market imports most of its needs from abroad, which requires to find unconventional solutions because this crisis currently affecting not only on the simple citizen, but also on the business community as a whole whose activities and sales backed down.

He noted that the new value added tax Law will also be discussed to identify Cairo Chamber's opinion and suggestions regarding this matter. Especially this coincides with the rise of the dollar, which is considered another burden on the citizens because the citizen will bear this rise of goods price at the end.

He added that the Cairo Chamber always monitor the market situation and change prices continually to stand always on any variables may arise on the market but without interfering in price.