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0:00 Will the dollar rise according to the decision of the Central Bank of Egypt? Or is it influenced by the events we are currently experiencing? The dollar price is experiencing new movements today, coinciding with the Central Bank of Egypt's decision. Of course, all of this is related to interest rates at the upcoming meeting. Is there a connection between the recent rise in the dollar price and the Monetary Policy Committee's decision next Thursday? Is what's happening with the dollar price just a coincidence? For future trends coming? Is the incident that happened at Ramses Central related to what is happening with the dollar price? They did this to us. Let's see the economic mystery. Together, we'll uncover the hidden connections and analyze
0:46 global and local economic developments. We're on the cusp of a new surge in the dollar's value. Today, we'll see the most likely scenario for the Central Bank of Egypt's meeting. What will happen on Thursday? The next one is tomorrow, God willing. We will see if the dollar will reach new record levels before the end of the year or not. What happened to the dollar price today? And yesterday? Because this is the second session in a row in which the dollar has risen, is there a relationship between this and the decision that the Monetary Policy Committee will take ? What kind of relationship? Between today's dollar movements and the upcoming interest rate decision that we will discuss with you
1:32 today, we will see where the world is headed. Shall we highlight the economic news? Local and global? Hello, how are you? What are you doing? I hope they are fine. The dollar rises for the second time in a row. Initially, the movements that occurred in the dollar price for the second consecutive session resulted in an increase in the dollar price today, and trading closed at a new high for the dollar price. receipt. It reached 49.76 piasters. Of course, the dollar rose today by about fifteen to seventeen piasters, an increase from yesterday’s trading, which also increased by 20 piasters from last week’s trading. That is, we are talking at this time about an increase of one piaster in the price of one dollar. Some might say that one piaster is not a
2:19 big thing, meaning that we are talking about it and making a video about it, but we can say that this increase in the price of the dollar could be a result of… What is the relationship between certain economic conditions ? What is the dollar's decision? The benefit? Will it be related to the interest rate decision? These are the scenarios that the Central Bank has in mind, and we discussed them with you in previous videos. The most likely scenario, from our point of view, is to keep the interest rate unchanged. The most likely scenario, from our point of view, for the Central Bank of Egypt is to keep the interest rate unchanged. But when might that happen? The price of the dollar? If we link it to the interest rate decision, there should be an increase. The increase in interest means that the dollar price is increasing, as the dollar is rising, which is an
3:06 indication that the Monetary Policy Committee may delay its decision to raise interest rates. The answer here is that this peg is wrong, because the rise in the dollar price is a peg within the framework of the flexible pricing policy followed by the Central Bank of Egypt to clarify the price shown on bank trading screens . It reflects the forces of supply and demand for the dollar, so there's no connection between today's rise in the dollar and whether this could be an indication that the Monetary Policy Committee will decide to raise interest rates. So, does the Ramses Central incident have anything to do with what's happening? This? This situation is also linked to what happened yesterday at Ramses Central and the fire that broke out there and damaged the building, as well as other real reasons.
3:51 First, the increase in the dollar price has reasons that naturally lead to obligations. Egypt must pay it, and the government and monetary policy are under pressure from the International Monetary Fund, as a result of the Fund’s latest decision. The IMF, which is satisfied with discussing the fifth installment and including it in the sixth installment, which will be next fall, meaning at the end of the year. As for the Ramses Central incident, this may have something to do with the price of the dollar. The truth of the matter is, of course, this affects it because, as you know, There are still problems with communications, and there were problems with banks and companies. All of this sends a message that there might be concern for companies, concern in trading, concern in banks, internet outages, and the problems that you know might create some kind of
4:39 fear among investors or some companies. Of course, we don’t want to say that this is the reason for the flight of hot money, just so we don’t exaggerate. This issue will cause us to say it in the second way as soon as, meaning, if the issue is not fixed very quickly, in this case it might be. Of course, losses are huge, and of course, many companies were exposed to losses due to the malfunction that resulted from the Ramses Central Fire , so it could have an impact on the increase in the price of the dollar, and this here becomes an encouraging and motivating factor for foreign hot money and indirect foreign investment, come on, let's see what the Central Bank's expectations are and the interest rate decision, the scenario proposed by the Central Bank of Egypt, as we said, is to keep it stable because there is no pressure so far, and despite... There are pressures saying that the
5:26 Central Bank must raise interest rates because interest rates will have two sides. First, it will affect real estate investment, and this was the request of businessmen, that interest rates be lower. However, at the same time, raising interest rates will be beneficial for hot capital. However, we say that the current situation is timely, and until the discussions and reviews regarding the new tranche of the International Monetary Fund begin , there is no pressure on the Central Bank of Egypt. This is the time, especially if we look at the global aspect. The US Federal Reserve held interest rates steady, which is why we can say that the idea of raising interest rates is completely ruled out at the Monetary Policy Committee meeting, even if it is an important economic demand in the current phase. So, where is the dollar's price now? From tonight? This? We
6:12 always end our talk with the important question, which is trying to answer it: Where is the price of the dollar? To where? Is the dollar going down? We have decided on this answer many times and we keep confirming it again. The dollar is on its way to increase, the details and reasons of which we talked about in other episodes are many, and therefore expectations say that we are heading towards a new increase in the dollar price, and this increase is not far off at all that we will reach the level of 51 pounds and we may hear about that pound in a short period to come, but today we are talking about about a piaster and it is expected that it will jump to its highest level which is 50 to 51 or so. 50 at the end of this year 2025.
6:59 If you have a different point of view, you can leave it to us below the video description. We always thank you for your kind attention, and God willing, we will keep you informed of all the latest news from the economy. May God keep you safe, and may God’s peace, mercy, and blessings be upon you . peace.