Posted by Dr Maged Sonkor
At last the Egyptian government came out with a definitive clear vehicle to enable the Egyptians who live abroad to support our people, our country’s economy and hopefully stop government to continue to extend a hand to different countries and international organisations begging for our people’s food. I need not to mention the consequences of a high debt bill tiring our economy for decades and the more serious inevitable loss of our independence and freedom for generations to come.
The Egyptian government has recently issued the Egyptian US Dollar Certificate to be purchased exclusively by Egyptians who live abroad. Interestingly, it is also highly rewarding investment of a high income of 4% if it is left to mature for 3 years. This rate can’t be matched by any international banking investment when current available interest is between 1% to 1.5%.
The US Dollar Certificates are currently marketed as a first phase among Egyptians who live in gulf countries. Over the last two weeks I’ve been in communication and negotiation with the Egyptian National Bank – UK branch to find a way to make it available to us here in UK – it is done; you will find attached an application form you need to fill in order to purchase those certificates (please copy and give to friends) then follow one of the two options in the attached sheet
Finally I want to mention few more points:
1. I agree that things are still mercury in Egypt and there are many shortcomings of the current government but we can’t penalise our poor people and make them pay the price.
The only way to keep up our dreams and our hopes and shape the future is by “hands on” if we don’t, it would be only one verdict, the verdict of failure and spiral downhill path to our country and our people.
2. The certificates are exclusive to Egyptians abroad, Egyptians on homeland or people of other nationalities can’t purchase them and It is our opportunity to show our power and influence. It is also a very lucrative investment not matched by any current banking investment
3. For those who oppose the idea of having interests they can either relinquish the interests to the government (would be even better contribution) or distribute it among other poor people
I finally would like to thank Mr. Mokhtar ElShennawy, Madamme Rasha Anis and Madame Evan Darwish – NBE UK for their tremendous effort to get this service available to us here in UK and their commitment to continue to facilitate the service and support applicants
Click here to download Application Form and information Sheets which includes the following: Features and Conditions (2 sheets), Features and Conditions (3 sheets Arabic) , Application Form (2 sheets), and Instruction sheet on how to apply.
Also you can watch the TV program giving further information http://www.youtube.com/watch?v=7cm2RClM5II