Egypt able to provide necessary foreign exchange to import basic goods

Egypt is able to provide the foreign exchange in dollars that is necessary for the importation of basic goods, especially food and inputs for industry, Prime Minister Sherif Ismail said in a meeting Monday.

Ismail alluded to the provision of foreign exchange needed to buy all the strategic food commodities to meet citizens’ needs and inputs of various industries, according to cabinet spokesman Hossam El-Kawish. He added that it will contribute to the provision of the local market needs, increase exports, and create more new jobs.

Ismail met with the Federation of Egyptian Chambers of Commerce (FEDCOC), in the presence of the Ministers of Supply and Internal Trade, and Trade and Industry, the President and representatives of FEDCOC, during the Monday meeting.