Thndr Claps » EGY Claps » Economy 🏙 » Banks to provide USD for clearing goods at ports🏦
The ClapPresident Abdel Fattah El-Sisi has announced that banks in Egypt will be dishing out dollars to release all goods that were seized in the country’s ports.
WhatThe government’s got a plan in place with the Central Bank to get those goods flowing again, which are currently valued at a $9.5 billion.
So whatPresident El-Sisi said this move will not affect spending on national initiatives.
Now whatBanks are expected to provide the dollars needed in 3-4 working days, according to the President.
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