Amr Adib addresses speculations on new US dollar saving certificate
Journalist and media host Amr Adib addressed viral social media discussion regarding the National Bank of Egypt discussing the issuance of issuing a new US dollar saving certificate with an interest of 10 percent.
During his show “al-Hekaya” (The Story), on MBC Masr on Saturday, Adib said that there must be US dollar vessels to attract Egyptians abroad.
This is likely a proposed card, and might just an internal discussion at the bank, he said.
Adib added: “What tempts Egyptians abroad to buy dollars from abroad and put them in dollar deposits inside Egyptian banks? The state wants dollars and banks want dollars, but methods must be improved to attract dollars.”