After the rise of the dollar .. Where do people keep their money?

A few days and a new year approaches us amidst a wave of global inflation and economic conditions characterized by a state of uncertainty, shipping disruptions, high prices, and the repercussions of the new Corona mutant, "Omicron".

The economist, Mustafa Badra, confirmed that the whole world has entered a stage of inflationary stagnation, and if the Russian-Ukrainian war does not stop, the next will be more difficult for the international community.

He stressed that there will be no floating of the pound again in the coming period, as liquid funds in the hands of citizens are very important and must be preserved in order to overcome the current stage.

Whoever has a penny keeps it

He said, "Whoever has a penny keeps it," noting that "the parallel economy must be legalized, with the need for a tax commitment through the issuance of the electronic invoice."

The economist stressed the importance of encouraging tourism and industry to increase the country's resources, and work to overcome the obstacles facing investors, explaining that in the Gulf countries, the investor can complete the procedures via his mobile phone.

Opening banks to citizens

Mustafa Badra suggested opening banks for citizens to deposit their money, whether in pounds or dollars, regardless of its source, without asking: Where did you get this from, noting that this helps to save dollar currency.

The economist concluded by pointing out that it is possible for the dollar to decrease because it is like any commodity, and that happens in the event of an increase in state resources through investment, pointing out that gold and investment certificates are a safe haven, while real estate is a slow investment in disposition.