Mohamed el Mohandes, the chairman of the engineering industries' chamber, has praised a decision by the Central Bank of Egypt (CBE) to cancel a maximum limit for transferring foreign currencies outside Egypt.
It is a positive move, Mohandes said in statements to MENA Saturday, believing it sends a reassuring message to foreign investors and encourages them to pump investments into the local market.
It is also a sign of a rebounding Egyptian economy, he added.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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