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Today's Economy News ... Minister of Planning: A Decent Life is a historic initiative that will change life in the Egyptian countryside



Today, Tuesday 3/9/2021, witnessed a number of economic events that were fully monitored on the pages of the seventh day, and among them were the following: -


The central bank will launch the instant settlement system between banks in foreign currencies on March 22

 

central bank


The Board of Directors of the Central Bank of Egypt, during its meeting on March 7, 2021, approved the rules for the participation of banks operating in the Arab Republic of Egypt in the multi-currency instant settlement system, which allows the execution and settlement of mutual payment orders between Egyptian banks within the Arab Republic of Egypt in foreign currencies in real time, as of Monday. Corresponding to March 22, 2021.


This came within the framework of implementing the strategy of the National Council for Payments headed by President Abdel Fattah El-Sisi and supporting the development of Egyptian banking systems in line with international standards and recommendations.


Deputy Governor Rami Abul-Naga stated that the launch of the instant settlement system is multi-currency; It would bring many advantages to the banking sector; One of the most important of these is reducing the cost of payment orders in foreign currency exchanged between Egyptian banks and reducing the time required to implement and settle this type of payment order, in accordance with all international standards for payment systems, and supports technical integration with modern systems in force in the Egyptian banking sector provided by the Central Bank of Egypt. .


“Finance” launches a website developed to provide approved financial indicators

 

The Ministry of Finance announced the launch of the Ministry's official website in its new version, after developing it in form and content, with the latest technological technologies, taking into account the insurance standard; In a way that contributes to making the information, data, legislation, indicators, and financial publications approved and documented available to specialized experts, investors and international institutions; In order to inform them of the positive developments of the Egyptian economy, and the efforts made to create an environment conducive to investment by reviewing the national project to modernize and automate the financial systems, the tax administration and customs administration systems, and other structural reforms, in a manner that also helps to involve the Egyptian citizen in the state's fiscal policies. And deepening national awareness of the unprecedented achievements, especially the positive effects of economic reform, in the face of the "Corona" pandemic; In line with the strategic project for the digitization of the state, and the gradual transition to "digital Egypt".


The developed website is based on facilitating online browsing and obtaining information. In order to develop national awareness financially, economically, and legally, this site provides government and other services to citizens, announcing scholarships, and information services on the “electronic certification authority”, and the “general registry of accountants and auditors”, in addition to the possibility of subscribing to the system of notifications or notifications, and launching a system New to receive complaints, respond to them online, and review statistics and the most important initiatives and events.


Pomegranate exports 54 million dollars in 5 months, and it is ranked third after citrus and onions

 

 Egypt's exports of pomegranate rose to 104 thousand tons with an export value of $ 54 million in 5 months during the period from September 2020 to January 2021. Egyptian pomegranates ranked third in exports of agricultural crops after citrus, which amounted to 239 million dollars and onions with a value of 44 million dollars. Egypt's exports of tomatoes witnessed a growth during the same period by about 3% at a value of 28 million dollars distributed over 64 thousand tons. Potato exports recorded 17 million dollars distributed over 54 thousand tons.


According to the latest statistics of the Export Council for Agricultural Crops, from which the "seventh day" obtained a copy, Egypt exports agricultural crops to all countries of the world during the aforementioned period from September 2020 to January 2021 with a value of $ 821 million distributed on 1.278 million tons of various agricultural crops, The sector's exports were distributed among various geographical blocs from countries, including the Arab countries. 680 thousand tons of all agricultural crops were exported, with a value of $ 357 million, which is considered at the forefront of countries that take agricultural crops from Egypt.


Minister of Planning: A Decent Life is a historic initiative that will change life in the Egyptian countryside

 

Dr. Hala Al-Saeed, Minister of Planning and Administrative Development


Dr. Hala Al-Saeed, Minister of Planning and Economic Development, participated in the seminar held by the Faculty of Economics and Political Science at Cairo University to discuss the topics that occupy the economic arena. The elite of university professors and academics at the university.


Hala Al-Saeed, Minister of Planning and Economic Development, reviewed the plan for developing the Egyptian countryside within the framework of the presidential initiative, a dignified life during the seminar.


Al-Saeed explained that the Ministry of Planning has developed a medium-term plan over a period of three years from which the government’s work program will emerge, taking into account a number of governing matters represented in achieving inclusive growth and balanced regional development, in addition to the localization of sustainable development goals at the governorate level, in addition to the emerging variables such as orientation towards Green recovery after the Covid-19 crisis, which represents a special priority, explaining that all of these determinants are taken into account when developing the annual or medium-term plan.


The state bears 7.1 billion pounds to finance an incentive to replace 250,000 cars in 7 governorates


The government confirmed that the first phase of the presidential initiative to replace the obsolete cars (owners, taxis, and microbuses) that have been made for 20 years or more with new ones manufactured locally and running on natural gas, will enter into force before the end of this month with the signing of the "regulatory protocol" that includes the executive procedures. For this initiative among the relevant ministries, banks, car manufacturers, and insurance companies; In a way that contributes to the localization of the auto industry and the industries that feed it, creating new job opportunities, and helping to improve the livelihood of citizens and the level of services provided to them, indicating that the cars are required to be assembled in Egypt, with a local component ratio of no less than 45%, and that Egypt manufactures A lot of auto components, and it has become one of the most important manufacturers and exporters of a number of auto feeding industries in the world, such as electric braids, in a way that is consistent with the country's efforts to rely on clean vehicles to preserve the environment and save energy.


The government said, in his meeting with a number of officials through “video conference” technology, in the presence of Ahmed Kujok, Deputy Minister of Finance, Sherine El Sharkawy, Assistant Minister of Finance for Economic Affairs, and Amjad Munir, Head of the Finance Minister’s Office Sector, Director of the “Fund to Finance the Purchase of Some Express Transportation Vehicles” The Ministry of Finance, through the "Fund to Finance the Purchase of Some Express Transportation Vehicles", manages the mechanism of the presidential initiative to replace obsolete cars, and its electronic platform, and takes measures to pay the value of the green incentive for car companies participating in the initiative, pointing out that the state's public treasury bears 7, 1 billion pounds is the burden of financing the green incentive for the first phase of the presidential initiative to replace 250,000 obsolete cars that have been manufactured for 20 years or more in the governorates: “Cairo, Giza, Qalyubia, Alexandria, Suez, the Red Sea, and Port Said.” An angel car is among the beneficiaries of this initiative 10% of the price of the new car, with a maximum of 22,000 pounds, a taxi 20%, with a maximum of 45,000 pounds, and a microbus 25%, with a maximum of 65,000 pounds.


A collective decline in the Egyptian stock market indices ... as the capital loses 5.5 billion pounds


The Egyptian Stock Exchange ended the trading session today, Tuesday, midway through the week’s sessions, with a collective decline of the indices, for the second consecutive session, and the market capital lost about 5.5 billion pounds, to close at 691.361 billion pounds.


The EGX 30 index declined by 1.07%, to close at 11337 points, the EGX 50 index fell by 0.72% to close at 2261 points, and the EGX 30 index of weights decreased by 1.26% to close at 13835 points. And the EGX 30 overall return index fell by 1.22% to close at 4324 points.


The index of small and medium-sized companies "EGX 70 is equal weights" decreased by 0.38% to close at 2219 points, and the "EGX 100 is equal weights" index fell by 0.5% to close at 3231 points.


Gold prices today, Tuesday, are up 4 pounds, and 21 karat is recorded at 752 pounds per gram

 

Gold prices recovered in Egypt today, Tuesday, March 9, 2021, rising 4 pounds at the beginning of today's trading, in response to the resurgence in the global price of an ounce of gold, which yesterday recorded very low levels at $ 1680, but it recovered and an ounce of gold recorded rises to $ 1697 until the formulation These lines and this affected the price of a gram of gold in Egypt, with expectations that the price of gold will continue to change in the goldsmiths market during the next few hours.


Gold prices today:


 Caliber 24 recorded 859 pounds per gram.


Caliber 21 records 752 pounds per gram.


Caliber 18 records 644 pounds per gram.


The gold pound is 6016 pounds.


An ounce of gold is $ 1697.


The price of the dollar today, Tuesday, 9-3-2021 in Egypt


The price of the dollar rose today, Tuesday, 9-3-2021, against the Egyptian pound, compared to yesterday's prices in banks, registered in the National Bank of Egypt and Banque Misr, 15.66 pounds for purchase, 15.76 pounds for sale, 15.63 pounds for purchase, 15.73 pounds for sale, and in the Commercial International Bank "cib" and the Bank of Cairo recorded 15.68 pounds for purchase, 15.78 pounds for sale, compared to yesterday's price of 15.65 pounds for purchase, and 15.75 pounds for sale.


As for the world, the US currency fell 4% in the last quarter of 2020, but it rose more than 2.4% since the beginning of the year in front of its competitors, as investors expect that high US bond yields will put pressure on higher stock valuations and increase the currency's temptation.


The price of the dollar was recorded in some banks as follows:


The price of the dollar in the Central Bank of Egypt


15.67 pounds to buy.


15.77 pounds for sale.


The price of the dollar in the National Bank of Egypt


15.66 pounds to buy, compared to 15.63 pounds to buy yesterday.


15.76 pounds for sale, compared to 15.73 pounds yesterday for sale.


The price of the dollar in Banque Misr


15.66 pounds to buy, compared to 15.63 pounds to buy yesterday.


15.76 pounds for sale, compared to 15.73 pounds yesterday for sale.


The price of the dollar in Bank Audi


15.68 pounds to buy, compared to 15.65 pounds to buy yesterday.


15.78 pounds for sale, compared to its price yesterday, 15.75 pounds for sale.


The price of the dollar in the Commercial International Bank, cib


15.68 pounds to buy, compared to 15.65 pounds to buy yesterday.


15.78 pounds for sale, compared to its price yesterday, 15.75 pounds for sale.


The price of the dollar in the Bank of Alexandria


15.67 pounds to buy, compared to 15.63 pounds yesterday.


15.77 pounds for sale, compared to 15.73 pounds yesterday.


The price of the dollar in Abu Dhabi Islamic Bank


15.68 pounds to buy, compared to 15.65 pounds to buy yesterday.


15.78 pounds for sale, compared to its price yesterday, 15.75 pounds for sale.


The price of the dollar in Banque du Caire


15.68 pounds to buy, compared to 15.65 pounds to buy yesterday.


15.78 pounds for sale, compared to its price yesterday, 15.75 pounds for sale.

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