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 Post subject: Egypt+IMF+ $12 billion
PostPosted: Sat Nov 12, 2016 6:09 am  |  Posted from: Egypt
  

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Egyptian Pharaoh
Egyptian Pharaoh

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Well Egypt finally got their $12 billion IMF loan approved, I just hope they spend it wisely.

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Life is your's to do with as you wish- do not let other's try to control it for you. Count Dusak- 1345.


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PostPosted: Sat Nov 12, 2016 6:12 am  |  Posted from: Egypt
  

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Royal V.I.P
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Thats the bridge over the Red Sea finished then, and most of the new Cairo in Lower Egypt. It may not cover the other loans though. We now shouod see the GBP and Euro going down against the LE, until its all gone. What will happen next month?


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PostPosted: Sat Nov 12, 2016 7:49 am  |  Posted from: Egypt
  

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Egyptian Pharaoh
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Good news I suppose for the long term, they must think that El Sisi intends to turn things around even though there may be a lot of suffering first.


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PostPosted: Sat Nov 12, 2016 9:46 am  |  Posted from: Egypt
  

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Royal V.I.P
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I think in all honesty Cartie there will have been some rules set down, remember when the UK got a loan? And yes you are right there will be a lot of suffering before things become better. I can well imagine that maybe only 25% of Egypt know anything about this and what it means.


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