All posts tagged: exchange rate

The Economic Problem in Jordan is Primarily a Political Problem, and it will not be solved except by the Islamic Economic System with the return of the Khilafah State

It was never unexpected that the House of Representatives, with a rate of 75% of the attendees, would approve the general budget law for the fiscal year 2023, despite the harsh criticism of the bill during the 3-day debate sessions due to the financial deficit, the high riba (usury) of public debt, and the absence […]

Loans will Not Fix What Capitalism Has Ruined! How can Egypt Survive the Successive Saves of Loans and the Subsequent Inflation?

The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]

O People of Kinana: Your Patience is Humiliation and your Silence is a Crime What Happens after the Successive Waves of Flotation?!

On Thursday morning, October 27, 2022, the Central Bank of Egypt raised interest rates by 200 basis points, during an exceptional meeting, so that the rate of return for deposit and lending overnight became 13.25 percent and 14.25 percent, respectively, and the Central statement included an important paragraph in which it said that: “Reform measures […]