CAIRO – 10 March 2024: During the past Thursday and Friday, Egyptian Customs authorized the release of commodities from Egypt’s ports worth $780 million, according to Shahat Ghatouri, Head of Egyptian Customs Authority, in an interview with Asharq Bloomberg.
The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.
He also revealed that the accumulated value of goods currently held in Egyptian ports, including petroleum products, stands at approximately $6 billion.
Furthermore, Ghatouri, while visiting Alexandria Port today to oversee the release of goods and merchandise in various ports, mentioned that the total value of goods released from Egypt's ports since the beginning of January has surpassed $12 billion.
Prime Minister, Mostafa Madbouly, in a recent press conference at Alexandria Port, assured the public that the Central Bank of Egypt (CBE) would have the capability to meet future dollar demands. This statement aimed to allay concerns and restore confidence in the Egyptian economy.
Madbouly emphasized the government's dedication to securing foreign currency, with priority given to vital sectors such as food, medicine, fodder, petroleum products, raw materials, and industrial production requirements.
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