Monday March 21, 2022
I wrote – Sherine Salah:
Matta Beshai, head of the Internal Trade Committee in the Importers Division, expected a rise in the prices of imported goods during the coming period, after the rise in dollar prices today, Monday, in a statement to Masrawy.
The price of the dollar rose at the beginning of trading today by 1.76 pounds, to record 17.4 pounds for purchase, and 17.5 pounds for sale, according to data from the National Bank.
Beshai added, the rise in the dollar price was expected, after the US Federal Reserve raised interest rates.
The US Federal Reserve announced that banks will raise interest rates by 0.25% last Wednesday.
He stated that during the coming period, it cannot be said after the rise in prices during the coming period that it is greed for traders and importers after this significant rise in the price of the dollar and the instability of its price so far.
The prices of some food commodities witnessed an increase in the market during the last period as a result of the repercussions of the war between Russia and Ukraine and the decline in supply in the markets, according to the Importers Division earlier to Masrawy.