Currency exchange rate data published by various banks revealed that the exchange rate of the dollar against the pound at Abu Dhabi Islamic Bank and the Arab International Banking Company (CIB) exceeded 47 pounds. The price of the dollar at the Arab International Bank reached 46.1 pounds and at the Commercial International Bank. "45.95 pounds. While the price in the Bank of Alexandria reached 40.70 pounds, and in the National Bank of Egypt it reached the level of 42.5 pounds. Since the announcement of the Central Bank of Egypt statement, reactions have varied on social media sites regarding the new measures and their feasibility to contain the economic crisis. This Wednesday morning, the Central Bank of Egypt raised interest rates by 600 basis points, equivalent to 6%, to reach levels of 27.25%. According to the Central Bank of Egypt statement, the Monetary Policy Committee believes that the decision to raise key interest rates will help restrict monetary conditions in a consistent manner. With the targeted path to reduce inflation rates. The Central Bank of Egypt affirmed its commitment to “maintaining price stability in the medium term. To achieve this, the Central Bank is committed to continuing its efforts to shift towards a flexible framework for targeting inflation, by continuing to target inflation as the nominal basis of monetary policy while allowing the price The exchange rate should be determined according to market mechanisms. The bank explained that “unifying the exchange rate is a very important measure, as it contributes to eliminating the accumulation of demand for foreign exchange following the closing of the gap between the official and parallel market exchange rates.” The Egyptian Prime Minister, Mostafa Madbouly, was Last Friday, he announced that the deal to build the city of Ras Al-Hekma, between the UAE and Egypt, is “the largest in the field of investment,” following the signing of the deal between the two sides, adding: “This huge investment deal is the largest in the field of investment.” The project is considered a partnership. Between Egypt and the United Arab Emirates, where the Egyptian side represents the New Urban Communities Authority, the project will include the establishment of the “Ras Al-Hekma” company, which will be the holding company for the project. The project will include hotels, entertainment projects, a financial and business activity area, and the construction of an international airport south of the city. Egypt’s external debt took an upward curve. Since 2013, it reached its highest levels in early 2022, before declining in the second and third quarters of the same year.