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بوابة الشروق
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Source: بوابة الشروق
20 Hrsبوابة الشروق
Source: بوابة الشروق
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MP Mohamed Fouad said the 2024 Ras El Hekma deal provided $35 billion in dollar liquidity—$24 billion in new funds and $11 billion through the conversion of deposits—but bought the government time that it failed to use to implement reforms capable of generating sustainable foreign-currency revenues. He added that total hot-money outflows reached $7 billion, including $2.6 billion over nine days, warning of pressure on the exchange rate. He noted that the government is targeting exports of $145 billion by 2030, while the trade deficit stands at $65 billion. It also aims to raise gas production to 6.7 billion cubic feet, from the current 3.8 billion.
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