Egypt ready to use ruble in settlements in tourism sphere — president

This, according to the Egyptian president, could be done to avoid problems that now emerge with the dollar exchange rate.

Egypt is considering a possibility to use the ruble in settlements in the sphere of tourism, Egyptian President Abdel Fattah el-Sisi told TASS First Deputy Director General Mikhail Gusman in an exclusive interview following his visit to Moscow.

"We are ready to use the ruble and the Egyptian pound in mutual settlements in this sphere [tourism] to avoid problems that now emerge with the dollar exchange rate," the Egyptian leader said.

"We are making huge efforts on expanding the tourism infrastructure that the Russian tourists could use and we try to diversify services offered for tourists," he stressed.

The full version of the interview will be aired on the Rossiya 24 TV channel Thursday in the special release of the "Formula of Power" program.

First published by TASS.

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