While it continues to rise in Iraq, Egypt “turns” on the World Bank to solve the dollar problem

Walter

Translated reports / Arabic and international |Yesterday, 22:03 |

Baghdad Today – Translator

The Egyptian authorities announced today, Monday, their move towards “control” of the exchange rate of the Egyptian pound against the dollar, after the local currency witnessed a decline against the dollar due to the conditions imposed by the World Bank on borrowing countries, including Iraq. 

The Egyptian authorities, according to what Al-Sharq Al-Awsat reported on its English page and translated (Baghdad Today), announced that it “will take measures to limit the circulation of the dollar on the black market and stop the floating of the currency,” noting that “the Egyptian measures are a” coup “on the conditions imposed by the World Bank on countries borrowed from it.

The conditions of the World Bank to float the currency in the market and reduce local support for the local currency against the dollar, greatly affected the rise in exchange rates for the dollar against the dinar, as I showed (Baghdad Today) earlier, as Iraq continues to cooperate with the World Bank in dealing with the local economy according to what is between via its official website.

https://baghdadtoday.news/209183-%D8%A8%D9%8A%D9%86%D9%85%D8%A7-%D9%8A%D8%B3%D8%AA%D9%85%D8%B1-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9%D9%87-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82.-%D9%85%D8%B5%D8%B1-%D8%AA%D9%86%D9%82%D9%84%D8%A8-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%84%D8%AD%D9%84-%D9%85%D8%B4%D9%83%D9%84%D8%A9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1.html

Leave a comment