How are prices affected by the release of goods at ports?
the government is keen to sit with all productive sectors, especially the industrial sector
Shrouq
Dr. Mostafa Madbouly, the Prime Minister said during the Council of Ministers that the state has returned to the normal situation it was in a full year ago, stressing the stability of the situation.
Industry sector
He pointed out that the government is keen to sit with all productive sectors, especially the industrial sector.
He explained that there is continuous communication with the Federation of Chambers of Commerce, the Federation of Industries and Export Councils to discuss all obstacles facing work.
He noted that clear executive decisions have been taken and are being followed up to overcome any obstacles faced by the industrial sector.
Crisis of stockpiling goods in ports
Economists praised what Dr. Mostafa Madbouly, the Prime Minister, announced during the cabinet meeting this week, to end the crisis of stockpiling goods in ports, and to release all goods.
Madbouly also instructed to closely monitor the markets and follow up the supply chains, indicating that there is full coordination with the Central Bank to ensure the exit of all goods in the ports.
The effect of the return of dollar liquidity
It can be said that the end of the crisis of goods stacked in the ports is the result of the important measures taken by the government to restore discipline to the foreign exchange market against the Egyptian pound.
Madbouly's decisions also aim to implement a policy of flexible exchange rate, which resulted in the existence of dollar liquidity and the attraction of this liquidity that was outside the banking system on the black market, which led to the provision of dollar liquidity for the release of goods in Egyptian ports.
Expected discipline in the markets with the release of goods
With the relief of the crisis and the release of all goods in the ports, the supply chains of Egyptian factories will be regulated, which will result in the production process being disciplined before the Ramadan season, which is considered one of the largest consumer seasons in the Egyptian market.
