{"id":588836,"date":"2023-06-18T00:00:00","date_gmt":"2023-06-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/more-talk-of-the-egp-exchange-rate-migrant-shipwreck\/"},"modified":"2023-06-18T00:00:00","modified_gmt":"2023-06-18T00:00:00","slug":"more-talk-of-the-egp-exchange-rate-migrant-shipwreck","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/more-talk-of-the-egp-exchange-rate-migrant-shipwreck\/","title":{"rendered":"More talk of the EGP exchange rate + migrant shipwreck"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">President Abdel Fattah El Sisi\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ab95629-ba7e-4b1e-bcb2-64d1dcf28946\" style=\"\">comments last week<\/a><\/span><span style=\"font-weight:700\"> on the direction of the USD-EGP <\/span><span style=\"font-weight:700\">exchange rate<\/span><span style=\"font-weight:400;\"> continued to dominate the airwaves last night. The talking heads also dedicated time to the boat that sank in the Mediterranean last week. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The USD lost 5% against the EGP in the parallel market as a result of El Sisi\u2019s comments, <\/span><span>Amr Adeeb said on El Hekaya (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=1402264637222969\" style=\"\">watch, runtime: 2:26<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=1313526822928092\" style=\"\">3:32<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=6075215155934895\" style=\"\">5:05<\/a><\/span><span>). Economist Mustafa Badra told Ala Mas\u2019ouleety\u2019s Ahmed Moussa that the figure was closer to 10% (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=2061809340832636\" style=\"\">watch, runtime: 21:30<\/a><\/span><span>). El Sisi last week suggested that there would be no further depreciation of the local currency against the USD if it harmed people\u2019s livelihoods. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Rice traders should release any surplus stock they have into the market as global prices are on the decline, <\/span><span>Mustafa Al Najari, the head of the cabinet\u2019s rice committee, said during an interview with Al Hayah Al Youm\u2019s Lubna Assal (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=1414332482738156\" style=\"\">watch, runtime: 6:53<\/a><\/span><span>). Ragab Shehata, head of the Federation of Industries\u2019 rice division, called on traders to stop price gouging during an interview with Ahmed Mousa (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/live\/?ref=watch_permalink&v=1394767861346818\" style=\"\">watch, runtime: 8:37<\/a><\/span><span style=\"font-weight:400;\">).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">There were 43 Egyptians among the survivors of last week\u2019s shipwreck off the <\/span><span style=\"font-weight:700\">Greek coast, <\/span><span>including five minors, according to an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02FjC7MWwtwGNadZiFFxQjP7UQ7zauEFc1i3YQJ2WA3V6VxBWWRsyLEp9u9K6iA9Zml\" style=\"\">Emigration Ministry<\/a><\/span><span> statement. Assistant Emigration Minister Amr Abbas gave the same figures in an interview with Lamees El Hadidi on Kelma Akhira (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=801398234641720\" style=\"\">watch, runtime: 13:37<\/a><\/span><span>). The number of Egyptians who drowned in the disaster is still unknown, said Emigration Minister Soha Gendy in the statement, offering her condolences to the family members of those who lost their lives. The Foreign Ministry also put out a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0kVvWeGZG1uHQtrSeT8i1psiVJtPecbRQK2dwxBZ6i8n3tTK7bMx6G3GKLUAfni8Hl\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\"> offering its condolences<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Some of the family members of those missing after the incident spoke to El Hekaya<\/span><span>, accusing Greece of failing to rescue them (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=274352731795616\" style=\"\">watch, runtime: 4:24<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/watch\/?v=247249071349689\" style=\"\">2:06<\/a><\/span><span>). The bodies of 78 people have been recovered since the migrant boat sank Wednesday, but <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/greece-hunts-survivors-migrant-shipwreck-least-78-dead-2023-06-15\/\" style=\"\">hundreds more<\/a><\/span><span style=\"font-weight:400;\"> are feared to have died in the incident. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD fell 5% against the EGP in the parallel market, said Amr Adeeb<\/p>\n","protected":false},"author":1,"featured_media":588837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[96,72,2234,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-588836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-abdel-fattah-el-sisi","tag-enterpriseam","tag-foreign-exchange","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"31f3f01e-5820-4b67-bd68-ce88b25cc5b8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/836.jpg","photo_position":"below","homepage_title":"","full_issue_title":"More talk of the EGP exchange rate + migrant shipwreck on the Egyptian talkshows","related_issue":[588816],"teaser":"The USD fell 5% against the EGP in the parallel market, said Amr Adeeb","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.ecc24db6-997c-419c-bfaf-1ff0f1209ac2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Al Hayah Al Youm\u2019s Khaled Abou Bakr pointed out that only a \u201crelatively financially healthy\u201d government would agree to bear an added EGP 60 bn (c. 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