Masr Ad El-Donia and Estkama parties and Partners for Home movement presented a comprehensive economic project to Banque Misr and National Bank of Egypt’s Chairmen of BOD. This came following an approval by the banks on a proposal to exchange dollars for banking certificates with 15 per cent interest rates, to be paid every 3 months.
Mamdouh Shafiq, Head of Masr Ad El-Donia party, expressed gratitude to Central Bank Governor Tarek Amir for his speed reaction to the solution they gave, through media, to the dollar crisis.
He called on implementing several economic micro and small projects to counter unemployment among the youth.
Estkama Party’s Chief Adel Daniel noted the necessity to pump new blood into the management of economic process and to think outside the box, which is exactly what the President El-Sisi called on before.
Partners for Home movement’s Spokesperson Samuel Al-Ashai expressed concern over bank officials giving loans to businessmen to purchase luxury commodities, and bureaucracy and lack of innovation that cause major projects to fail.
