Editorial photo #9857706 Economy, Business and Finance

Egyptian Pound Free Falls Since IMF Loan

People turn to Banque Misr and the National Bank to buy three-year savings certificates, with a return of up to 22% and the return is paid monthly, or 19% interest is also paid monthly, and this came in conjunction with raising the interest rate by 200 points, as citizens began searching on Google engines about Ways to buy a National Bank certificate with a return of 22 and 19% per month, to invest their money in it. The National Banking Bank said during its statement today that the issuance of two savings certificates for a period of 3 years reflects the positive vision of lower interest rates during the coming period with the expected gradual decline in inflation rates with the stability of markets in Shadow of International and Domestic Variables and the Central Bank of Egypt's Inflation Targeting Policy April 3, 2023 in Cairo, Egypt. (Photo by Mahmoud Elkhwas/NurPhoto)