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Clare » April 13th, 2023
It is imminent.. a major disaster befalls the dollar
4/13/2023
{International: Al Furat News} The Information and Decision Support Center of the Egyptian Council of Ministers highlighted the pressures on the US dollar and the decline in its share of foreign exchange reserves.
The center stated that the dollar is declining with global central banks, pointing out that the green paper is witnessing the largest decline in its share in international reserves since 1999.
And during an infographic published by the Information Center, he made it clear that there are possibilities for the dollar to stop being a global reserve currency, and its catastrophic decline is imminent, and America will face an unprecedented crisis if the dollar’s dominance in the global economy decreases significantly.
As US Senator Marco Rubio said: If other countries use their own currencies in trade, we will not have the ability to punish them.
In a related context, the price of the dollar against the Egyptian pound recorded stability at the beginning of trading today, Thursday, in light of the weakness of banks and the banking sector after the rise in interest rates globally and locally, which poses a great threat to global economic growth, according to the International Monetary Fund.
According to the latest reports issued by the Central Bank of Egypt on foreign currency rates against the Egyptian pound, the price of the dollar stabilized at 30.83 pounds for purchase, and 30.93 pounds for sale. LINK
Source: Dinar Recaps
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