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00:00 Under the pressure of geopolitical and regional tensions and a global monetary policy, the
00:08 Egyptian economy was in 2023. The local currency, which is threatened with more recession,
00:15 lost about 20% of its value in the dollar during the year, which reflected the rise in prices
00:22 of food and consumer and non-consumer goods, so that it rose sharply at levels that were
00:29 not as high as the previous year, and the interest rates fell by 20%.
00:33 This is not to mention the level of foreign debt, which exceeded $264 billion, which
00:39 weighed the bulk of the public budget and raised the cost of the government's loan.
00:43 The monetary policy adopted by the Central Bank did not yield any profit.
00:48 This means that the financial policy adopted by the Ministry of Finance did not yield
00:53 any good profit in the economic situation. So, what is required? We will sit down and
00:59 count the effects of the Egyptian economy. We will find that there are many negative
01:05 effects, and we will find that many sectors of the Egyptian economy were affected by the
01:11 rise in inflation, the rise in prices, the rise in the interest rate, and the rise in