Good news on the airwaves last night: Between falling commodity prices and predictions of a stable EGP / USD exchange rate on the parallel market, it was a somewhat optimistic night on the airwaves.

We should see the price of goods start to fall by Ramadan,if the EGP / USD black market exchange rate stabilizes at its current level, secretary-general of the Federation of Chambers of Commerce, Alaa Ezz told Kelma Akhira’s Lamees El Hadidi (watch, runtime: 16:40).

Looks like our pile up of imports has come in handy: “We have large stocks of goods, whether released or stuck in ports,” Ezz explained. “The benefit of having accumulated goods in ports is that we now have lots of goods stocked up. And the continued decline of the parallel market exchange rate may reflect positively on prices.”

AND- USD at EGP 40? “Our long-term estimates see the EGP stabilize at 35-40 against the greenback,” the House Budget Committee chair Fakhri El Fiqi told Ala Masouleety’s Ahmed Moussa (watch, runtime: 19:43). This would hinge on the country securing fresh USD inflows from international bodies, he clarified.

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