the Suez Canal value paid in Egyptian pounds, what would have happened - by yehia
Question presents itself to anyone who wants to answer
If applicable theory, Dr. Mustafa Al-Saeed in the passage of any foreign ship in the Suez Canal value paid in Egyptian pounds, what would have happened
Was the shares will rise pound in the face of other currencies
Or what would have happened
This is what we will be discussing this subject
Each interested Egypt's economy .
There are several theories that explain this subject:
A view was expressed that if it entered the Suez Canal will activate the Egyptian pound deal in all countries of the world working area of maritime transport and loading and unloading.
Another view expressed that in turn will be no liquidity of foreign exchange cover the value of imports from abroad, especially given that it is less than our exports and, of course, if we can export the local currency but we can not import currency imposed by the importing State and of course this currency would be the first international currency is the U.S. dollar .
This view is precisely the most discussed and deliberated views
After thorough study of all the opinions actually proved that good opinion is healthier views and therefore have been dealing in dollars and in return, the Government has taken a number of the correct procedures heart and mind in the interest of the Egyptian pound to float the pound, including the abolition of the reserve in the Golden Treasury and put them all valued at U.S. $.
But unfortunately the circumstances were not in the public interest of the pound after the U.S. dollar was unable to compete on one of the events of Sept. 11 was eclipsed by the U.S. dollar in the only trauma due to destabilize the U.S. economy and foreign companies operating in the United States and also the wars waged by America against a number of states destabilized Of the value of the dollar value of all I told the world except Egypt.
The reason we also say that the pound offset in the state treasury dollars, not gold.
Say When the dollar throughout the world Say much less than the pound for pound the dollar increased significantly.