A foreign mafia controls the black market for the dollar…exclusively for Banker. Good news about the IPO and the IMF decision.

Dear followers on all Banker platforms, welcome to a new livestream at the top of the hour and a summary of the most important events, analyzes and information presented by the Research and Reports Unit at Banker today, Tuesday, October 24, 2023, to its valued viewers on all social media platforms.

Today, the Banker Reports and Research Unit has provided important reports and readings on more than one event on the Egyptian scene and in the region, which is experiencing critical days as a result of the events in Palestine.

It was one of the important reports presented by the Banker platforms and it was related to the dollar crisis and what is happening on the black market for the US currency, and the situation in it took a dangerous turn after new players took control on the parallel market. market and collected dollars whenever he wanted, even if it was a loss, because the goal of the international mafia is not profit, but having a purpose. Another goal is to strangle the Egyptian government with a rope of dollar scarcity so that they cannot import while prices are rising crazily, indicating that things are about to collapse.

If we follow the curve of the brutality of the black market for the dollar, we will find that it has blown up after gold whales came into play, currency speculation, gold smuggling and its capture, because prices in the goldsmiths are rising hysterically, and at the same time disappearing the dollar and it is sold at the highest possible price, and so the profits continue to be doubled, and the matter has reached the point where the dollar and gold are smuggled abroad to thresh the market. when the Central Bank of Egypt took swift measures to combat the violations taking place in the currency and gold markets and took initiatives such as importing gold without customs to weigh the market and many other initiatives to bring the parallel market dollar to the official banks to lure .
But in recent times, the Central Bank has noticed that the price of the dollar on the black market has risen abnormally and against the norm, because nothing has happened to cause the price to rise, especially since the severity of the crisis has subsided. a lot and there is no flotation and there is an increase in state revenues, and also companies and importers do not have a crisis, so the Sven remains… after operations There has been a lot of research in which relevant agencies participated. It became clear that the black market for the dollar is now in the hands of a foreign mafia that will control the exchange market on the parallel market and buy the dollar at the highest price and slightly higher than the prices. is all to blame all the dollars in the market and put pressure on the government and the president for reasons that have nothing to do with the economy. But it has something to do with Egyptian national security and the president’s recent moves regarding Palestine. There needs to be a major internal crisis that will allow the president to focus on that and ignore what is happening in Gaza.

The next report on banking platforms was about exclusive information. For Banker it is very important, especially regarding the International Monetary Fund file and the upcoming decisions on dealing with the Egyptian government.
Exclusively good news. What will the IMF say about Egypt in the next two days?

We all know the story of Egypt and the International Monetary Fund, which has become the talk of the town, and all Egyptians know that the Fund was determined to float or liberalize the price of the Egyptian pound, and that it was free for all stays. other currencies, supply and demand, and there is no question whether the situation allows floating or not, and what would happen if the government freed the pound. The time was not right for it, and from here the negotiations almost stopped when President Sisi came out and said that there is no floating except at the right time and in circumstances that do not affect the citizens, because this is the national is safety.

Most importantly, from the hour of the President’s statement, the agreement with the Fund entered a critical and decisive phase, because it naturally became clear that the government would not break the President’s words, and the Fund found itself in a real situation. dilemma and had one of two solutions: either he pays out the remainder of the loan and forgets about the floating issue for the time being, which means that his main conditions will not be met, or he cancels the loan agreement. the economic reform program will be cancelled. And of course the last solution, which is to stop cooperation with Egypt and cancel the loan, will be a disaster for the Fund and its international reputation, and I will become the second most important customer or customer in the world, and this will be a fatal blow to the Fund’s policies and the failure of its management, except that Egypt is not yet. By joining the BRICS, the country has a better alternative to borrowing from the group’s bank.
The most important thing is that over time the Fund chose the smart solution that was in its interest, and for that reason, according to the information that reached Banker, the Fund decided to complete cooperation with Egypt and finalize the loan agreement. , and resume disbursement of the two tranches in the upcoming review. What is new is that there is no float, and that the Fund has submitted to the position of the Egyptian government, and that the loan will be disbursed without condition for release. .
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Banking platforms today presented a very important report because many people do not understand what is happening in the electricity sector and the story of the sector that is going to invest in this sector and take over the distribution and collection, and many people asked Banker if the government is taking its hands off electricity file and leave citizens prey to private sector companies.
Banker explained this topic in detail in his report. In short, the Ministry of Electricity has decided to involve the private sector in operating the excess capacity in its power plants and allocate to it a segment of consumers with whom it deals with distribution. and collection. The consumers are private sector countries and far removed from the domestic sector, which the government will prefer to monitor. Citizens will interact with state-owned enterprises in the same way, apart from the private sector.

The official authorities have announced that this is a one-year experiment and will be evaluated afterwards, and that electricity tariffs for consumers, which will be handled by the private sector, will be determined by the government based on consumption, and that consumers may own factories and other projects far from citizens’ residential meters.

The next report that we see today on the Banker platforms is about a somewhat confusing topic, which is the truth for the people outside Egypt, and it is about the arrogance of the Egyptians that has confused the world, their position towards of Sisi, and their position next to him in the most difficult crises.

The strange thing is that these parties have started investigating the secret of the Egyptians’ position and the reason for the unlimited support for President Sisi…
The subject is not a secret, nor is it the nature of the Egyptians, their Arab nationalism and their sense of responsibility towards all Arabs, especially Palestine, and the entire world. I am surprised by the courage and chivalry of the Egyptian people. and how they forgot the economic crises, their living conditions and the insane price increases, and gave all support to the people of Gaza and to Egypt’s historical position in support of the Palestinian cause.

And in Egypt, in times of need, the people stand by the country’s side and can do anything so that the crisis goes well. God willing, Egypt will endure all the difficult days we are going through and we will be reassured about our future. people in Palestine, and we will be able to solve all the economic problems and crises that not only Egypt is suffering from, but that most countries of the world are complaining about. goods and services.

In recent years, very large countries and major intelligence agencies have spent billions of dollars spreading unrest in Egypt, turning people against the political leadership and trying to suggest that the situation is disastrous… and that Egypt will go bankrupt. and the people will have nothing to eat… and all this for one purpose, but to turn the people against the president. Al-Sisi is an attempt by the Americans and the West to remove Sisi from the scene after he was a major reason for abandoning the Greater Middle East Project that America planned to implement with the help of extremist groups in the region. And of course, the Americans cannot forget President Sisi’s position and every now and then they try to put obstacles in the foreground. The strange thing is that President Sisi, thanks to the courage of the Egyptians, continues to deal a hard blow to the plans of the Americans.

The latest report with us today, which was presented by Banker platforms, is for banking customers in Egypt and good news about offering the highest returns. Individual savings for one year with an interest rate of 26%

Details show that banks operating in the local market will offer the highest interest on the savings of citizens who want to invest their money for a year, through government bonds in pounds.

The Central Bank of Egypt previously announced a rise in one-year government bond yields to 26.35% as an overall average for the latest offering implemented last Thursday.

We remind you that the return on treasury bills is subject to a tax of 20% of the total return achieved, which means that if you deposit £100,000, the interest on it will be approximately £26,000, and after deducting the tax will be included in the of the order of 20,000 and 800 pounds.