مصر.. إعلانات متوالية من البنوك عن طرح شهادات ادخار بعوائد مرتفعة
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00:00 Once again, the Egyptian government is trying to evade the dollar savings of Egyptians inside and outside.
00:07 This time, the tool was the issue of the two largest government banks for dollar certificates,
00:12 with interest rates ranging from 7 to 9% for three years,
00:18 in the hope that these certificates could attract a revenue of up to $4 billion
00:24 to contribute to solving part of the crisis of foreign currency deficiency,
00:28 especially after the government banks confirmed that they will not ask about the source of this money,
00:34 at a time when the past months have seen a slowdown in the transfers of Egyptians working abroad
00:40 due to the gap between the dollar exchange rate in the official and parallel markets.
00:45 The client always cares about two things.
00:47 One, I am in foreign currencies, specifically.
00:49 One, the return rate is acceptable, and this is a high return rate compared to the existing income.
00:55 Two, in the end, you will get your money back in dollars.
00:59 So here, the value of the dollar is available, and you also get a return in dollars or in Egyptian pounds if you want to work in Egyptian pounds.
01:05 So you can get a good return because we have seen a decrease in the transfers of workers abroad.
01:11 The situation did not stop with the dollar certificates alone,
01:14 but the matter extended to issue some banks with certificates in pounds with a 40% interest rate,
01:20 in an attempt to encourage the dollar to decline and compensate them for the increase in inflation rates,
01:26 which recorded the highest levels ever, exceeding 35.7% at the end of last June.
01:34 A very good idea that the National Bank proposed is that the interest rate is 9%
01:39 and give it in advance in Egyptian pounds if it is accepted, on 27, a great idea.
01:43 But it is a long-term business, there are no ideas or words that are in a hurry to compensate for the pounds.
01:49 The pound is priced in black, the bank is 31, and there is talk of 37 or 38, we are talking about more than 20% or 25%.
01:59 As long as this talk exists and there is no stability in the official currency price, there will be fear of bankruptcy.
02:06 The data of the Central Bank of Egypt confirm that the transfers of Egyptian workers abroad
02:11 amounted to 26.1% in the first nine months of last financial year, to 17.5 billion dollars.
02:21 Ala Sanad, CNBC Arabia, Al-Qahira