Ali Issa, the head of the general department of exporters, part of Egypt's chamber of commerce, has criticised the Central Bank of Egypt for suspending work in Egyptian banks without considering the interests of clients and their transactions. "The central bank should not close the banks for any reason, even if it has to prevent the country from assuming more losses," said Issa, adding that the Central Bank should have controlled the strikes internally. To save Egyptian exports and stop losses, Issa is calling for the creation of a closed fund that should be established with the support of the banks and with government guarantees to save the stock market and to prevent possible losses in trading. Issa also said that Egyptian exports were clearly affected due to the suspension of shipping and ports as well as the loss of security. However, he thinks the sector can make up for the losses if they deal quickly with the contracts signed before the crisis not to lose the markets. Isaa remarked that Egyptian exporters are not thought to have lost any of their markets so far.
