The government of Egypt is trying to increase its foreign currency reserves and collect the highest amount possible in hard currency to meet its obligations. This was evident in the recent offer of lands that required paying their value in dollars. This was the first time since the ACUD was established in 2016 to offer lands in dollars. Thus, the ACUD followed the example of the New Urban Communities Authority (NUCA), which recently offered lands whose value and installments were paid in dollars to attract hard currency income for the authority. He noted that this new offer was different from the recent NUCA’s offers that conditioned paying the full value of lands in dollars.
