Taha Hussein Tuaima, a member of the Association of Spare Parts Importers Merchants, said that the auto parts sector will not feel the depreciation of the dollar exchange rate against the pound, except with new contracts in import and entry of shipments at the new prices of the dollar, explaining that the contracts are concluded every 3 to 6 months.
Toaima demanded, in a special statement for “the seventh day”, the necessity of reducing the burdens on importers in the ports where the prices of floors and container shipping costs increased from 60 to 180 thousand per one, and it includes items for container inspection, insurance, cleanliness, floors, etc., which represent burdens that prevent the lowering of prices Auto parts in line with the dollar depreciation.
A member of the Association of Importers of Spare Parts Importers pointed out that the stagnation of markets led to an increase in the volume of inventory at dealers, and a decrease in import quantities, explaining that the consumer who loses any part of his car, whether lantern, mirror or others, does not buy it except with renewing the license before examination. As a result of his increased economic burdens.
It is worth noting that the dollar exchange rate has declined since last week in large quantities to continue its decline against the Egyptian pound after the rise in the monetary reserve of Egyptian banks from the dollar, and the price of the dollar on Monday 20 -1-2020 against the Egyptian pound reached 15.76 pounds for purchase and 15.86 pounds for sale For purchase, against its price in the morning 15.79 pounds for purchase, 15.89 pounds for sale, registered in the Commercial International Bank cib Registered 15.73 pounds for purchase and 15.83 pounds for sale to buy, compared to the price of the morning 15.76 pounds for purchase, 15.86 pounds for sale.
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