بعد شهر من التعويم .. الجنيه يعزز مكاسبه والاحتياطي النقدي الأجنبي يرتفع للشهر الـ 19
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00:00 The Egyptian Monetary Month was a month of very important investigations on the level of the local Egyptian pound, and its compensation of rises was in March, and on the other hand we were talking about raising the critical reserve of foreign currencies.
00:20 I will start by talking about the period of compensation, which was in December 6, and how the market was able to compensate us in a noticeable way after the compensation, the Egyptian pound reached 50 pounds, or the dollar reached 50 pounds.
00:38 We are talking about the rise of the Egyptian pound by 5.5 points, compared to the American dollar. As for the euro, the Egyptian pound rose by 5.5 points, compared to the Kuwaiti dinar, which recorded a profit of 5.5 points.
00:54 All of this was compensated in a month, and therefore we are now talking about this investigation in the financial of Egypt, which strengthens the efficiency of the compensation process and the stability of the stability after the Egyptian pound reached or receded in comparison to several foreign currencies.
01:10 But the other investigation is related to the reserve of foreign currency, which rose to its previous peak, which was recorded in February 2020. The month of March was sufficient for the recovery of these levels, which reached 45 billion and approximately 300 million dollars.
01:30 But many reasons were paid by the market to strengthen this reserve of foreign currency, specifically the dollar. The main reason was the "Ras Al-Hikmah" project, which brought in a flow of dollars.
01:42 We are talking about foreign payments that come to Egypt, whether through international financing institutions or even through loans available to Egypt.
01:54 As for this period of the investigation, we are comparing the peak achieved by the Egyptian center in raising the level of foreign currency reserves, and the month of March, which we were able to do through the process of taking a policy of signing foreign agreements to enter the same amount of dollars to raise the reserves in the state treasury.
02:19 And now I will go to the size of these reserves, which we are preparing for what was at its previous peak in February 2020. I am talking about 45 billion and 510 million dollars.
02:34 In February, we returned to it in March, with an increase of 7.2 billion dollars. In August, we reached 33.1 billion dollars. We are talking about a jump in the reserves of 5.5 billion dollars for Egypt at the end of March alone.
02:53 In January, we were talking about 35.3 billion dollars. In March, we reached 40.3 billion dollars, which is a strong level. It brings us back to the previous peak that we had reached, and I mentioned it in the 2020 inflation.
03:16 We are not going to escape from these levels. The reasons are the monetary inflows through the "Capital Wisdom" project and foreign funds. But looking at what is happening in Egypt, Goldman Sachs expects a jump in the reserves of Egypt until the end of 2027.
03:31 At the end of this year, we expect to reach 50.2 billion dollars, which is better than the previous peak. And perhaps in 2025, it will be back to a difference of about 800 billion dollars.
03:46 In 2026, we expect to return to 53.4 billion dollars. And in 2027, we expect to reach 61 billion dollars. These were the most important changes in Egypt's financial situation.