2024-03-29 03:59:58
The Egyptian market witnessed a significant decline and a sharp decline in the prices of goods, cars, and iron, after significant increases in the last two years due to the rise in the price of the dollar.
According to the Al-Masry Al-Youm website, the percentage of price decline amounted to between 270 and 525 thousand pounds, coinciding with the decline in the price of the dollar in Egypt and its availability days after the decisions of the Central Bank of Egypt at the beginning of this month.
According to the website, the price of the Tiggo 2023 has become about 990 thousand pounds, a decrease of 20%, and the price of the MG ZS 2023 has reached one million and 100 thousand pounds, a decrease of 15%. It is an imported Chinese car, and the price of a 1987 Volkswagen Golf has reached 120 thousand pounds. And it has air conditioning.
The price of the Proton Wira 2004 reached a minimum of 86 thousand pounds, and its maximum price reached 115 thousand pounds, and the price of the Geely Emgrand EC7 2013 reached about 140 thousand pounds as a minimum, and its maximum price reached 160 thousand pounds.
While the prices of the Chevrolet Captiva start at one million and 470 thousand pounds, for the first version with five seats and the seven-seater, the new price reached one million and 520 thousand pounds, compared to one million and 790 thousand pounds in the past.
According to the website, the prices of the 2024 Opel Crossland sports SUV decreased by 300,000 pounds for the fully equipped Topline category, and its price reached 2,549,990 million pounds instead of 1,849,990 pounds. Also, the prices of the 2024 Opel Mokka crossover, a value of 350,000 pounds, for the Topline category. One GS line costs 1,749,990 pounds.
The prices of the Grand Land 2024 model fell by a value ranging from 400 to 525 thousand pounds, with prices starting at 1,949,990 pounds for the standard Highline category. As for the second Topline+ category of the Grandland, its new price became 2 million 74,990 pounds.
In a related context, Prime Minister Mostafa Madbouly met with a number of manufacturers and merchants to announce the start of reducing commodity prices by a rate ranging between 15-20%, with the percentage rising to 30% after Eid al-Fitr, stressing that all goods accumulated at the ports had been released.
According to Egyptian media, the head of the Building Materials Division at the General Federation of Chambers of Commerce, Ahmed El-Zeini, said that all steel companies have reduced their prices by 10,000 pounds ($210.96) per ton since the decision to implement a flexible exchange rate for the Egyptian pound against foreign currencies on March 6, bringing it down. The price of a ton of iron rose from levels of 55-60 thousand pounds ($1,160.31-1,265.79) per ton for the consumer to between 40-46.5 thousand pounds ($834.86-980.99) per ton. A number of investment factories also reduced the price of a ton of iron to about 37 thousand pounds ($780.54). ).
It is noteworthy that during the foreign exchange shortage crisis in Egypt, the prices of iron, cars, and goods rose to unprecedented levels due to reliance on importing them from abroad, which prompted merchants and producers to price iron and cars at the price of the dollar in the parallel market.
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2024-03-29 03:59:58