CBE: Egypt faces no dollar crisis
Governor of the Central Bank of Egypt Hisham Ramez
Kuwait City - MENA
Governor of the Central Bank of Egypt Hisham Ramez said on Monday that Egypt does not face a dollar crisis.
"We import with 60 billion dollars and the Central Bank offers half of this money and the remaining part comes from the black market," Ramez said during his meeting with members of the Egyptian community in Kuwait.
He added that the remittances of the Egyptian expatriates reached 18 billion dollars of which a small portion is received by the banking system in Egypt.
He pledged to ban the black market in line with the international rules.
The Egyptian economy will not depend on foreign aid, he stressed.
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