Yesterday also Prime minister Hisham Kandeel told journalists in Cairo that countries do not bankrupt , bankruptcy happens only in companies !! “He did not know that many countries in the world declared its bankruptcy when it failed to pay its debts”
Yesterday as well before Morsi would say his word and Kandeel would speak to the journalists with all confidence , the Central Bank of Egypt issued a statement declaring that the Egyptian foreign reserve hit rock bottom for real using numbers and dates.
Today the Egyptian Pound hit a new record low against the US dollar. Believe or not it earlier today the US dollar was sold for LE 6.34 in Egyptian banks while now “@4:08 PM” I hear that it is being sold for LE 6.6. This is in banks , it is not Forex companies or in the black market.
Hotel owners are selling their hotels and motels in Luxor and Sharm Sheikh for God sake.
Of course today Kandeel is speaking about having a national dialogue about economy !! What national dialogue in time of crisis !??
|The CBE statement|
Yes they compare Egypt to China !!
Anyhow back to Morsi and Kandeel, I do not know how they are fooling !! Do they believe their lies and thank people are naive to believe their lies as well !! They are speaking about the economy of Egypt indeed .. in parallel universe.