Senior official praises Abu Hashima’s proposal to establish ‘gold bank’ ...Egypt

EGYPT INDEPENDENT - News
Senior official praises Abu Hashima’s proposal to establish ‘gold bank’
source : EGYPT INDEPENDENT ( Egypt ) () 32
Advisor to the Minister of Supply for Gold Industry Affairs, Nagy Farag, praised Egyptian businessman and head of the Youth and Sports Committee in the Senate Ahmed Abu Hashima’s suggestion about establishing a gold bank, where Egyptian women can invest their gold ornaments with an interest rate of up to three percent. The proposal is very good and useful, and benefits both citizens and the government, Farag said. Nagy continued, during a telephone interview on the “Hadret al-Mowaten” program broadcast on the Al-Hadath Al-Youm satellite channel, that a gold bank will raises the strategic reserves of the Central Bank of Egypt, as the state can convert gold into dollars and use it in developme

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