Egyptian President El-Sisi announces the abolition of the flotation and the fight to reform Egypt's economy and support the Egyptian pound by joining BRICS

https://www.youtube.com/watch?v=eddbrv5V53k

The Egyptian economist presents the episode from Samari TV.

And we start with the speech of Egyptian President Abdel Fattah El-Sisi at the National Youth Conference on the local exchange rate. Al-Sisi said that the complete liberalization of the Egyptian pound will not solve the economic crisis in the country.

Its effects will be positive on the vote.

And this Egyptian president publicly confirmed Cairo’s lack of intention to conduct a new float in the price of its currency against the US dollar, after numerous speculations from the United States of America, East Africa, and East Africa.

On the other hand, Egypt is facing a major problem in the crisis of its husbands' husbands. Reports said that the government in Cairo needs $2 billion before the end of June.

It is true that Gulf investors bought Egyptian assets before floating the Egyptian pound. The question of how Cairo intends to provide this amount is raised without a real answer.

Finally, Egypt officially applied to join the BRICS group, which includes 5 members, Russia, China, India and Brazil, in a move that will appoint Cairo, and carry out commercial trading in local currencies.

Good,let every leader do what is right for his own country.

Don't go and be following IMF sheepishly. When the chips are down,they will not be there to bear the consequences.

U

Great!

Egypt is bleeped one way or the other. Whether they float their currency or not, they can't stop the hurricane of their mistake, taking loans to build a shining city.