Sisi: Egyptians ‘very soon’ will be able to get dollars at one rate

Egyptians will “very soon” be able to purchase U.S. dollars at a unified rate, state television quoted the country’s President Abdel Fattah al-Sisi as saying Monday.

“The next few days will see a lot of good news for the Egyptian people,” Sisi told youth participating in a leadership programme.

The comments come almost a week after Egypt’s government announced it was in talks with the International Monetary Fund over a $12 billion loan programme. The gap between the official and black market exchange rates has narrowed since the loan was announced.

Source: Reuters