During mid-trading on Tuesday, October 27, 2022, the dollar’s value increased in relation to the Egyptian pound, breaking the 23-pound selling barrier, per the Bloomberg Index.
After the Central Bank Monetary Policy Committee decided to increase the interest rate by 2% and achieve an agreement with the International Monetary Fund to secure a new loan, the dollar’s value increased.
Today, Thursday, October 27, 2022, the Kuwaiti dinar price witnessed an increase against the Egyptian pound, after the decisions of the central bank today, and the Kuwaiti dinar price increased by about 10 pounds, reaching 74. 55.
Dr.
Mohamed Moait, Minister of Finance, said that the fiscal policy is based on the International Monetary Fund program to achieve the target of reducing government debt to less than 80%, controlling the total financing needs and continuing the policy of financial control in the medium term.
During his attendance at the meeting organised by Dr.
Mustafa Madbouly, the Prime Minister, a short time ago, that the policy of financial control comes through the implementation of the medium -term government revenue strategy, improving efficiency and effectiveness, and graduating the tax system by increasing the tax base, and including the informal economy to achieve Sustainable primary surplus.
Media in Egypt as a source.
The dollar achieves a new increase while the Kuwaiti dinar is soaring in front of the Egyptian pound.
About Author
