End Times and Current Events
September 27, 2023, 03:44:52 pm
Welcome, Guest. Please login or register.

Login with username, password and session length
News: "Search the scriptures; for in them ye think ye have eternal life: and they are they which testify of me." John 5:39 (KJB)
  Home Help Search Gallery Staff List Login Register  

Egypt's economy is collapsing, and no one is stopping it

December 31, 2022, 10:08:58 am NilsFor1611 says: blessings
August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
View Shout History
Pages: [1]   Go Down
Author Topic: Egypt's economy is collapsing, and no one is stopping it  (Read 1670 times)
Psalm 51:17
Global Moderator
Hero Member
Offline Offline

Posts: 28357

View Profile
« on: February 28, 2013, 05:48:59 pm »


2/28/13 Egypt recently tapped U.S. credit guarantees to buy wheat -USDA

* First use of US credits for wheat this year

* Egypt is world's largest wheat importer

WASHINGTON Feb 28 (Reuters) - Egypt recently used U.S. export credits to pay for a U.S. wheat purchase, its first use of the guarantees for the food grain this year, the U.S. Agriculture Department said on Thursday.

The credits were tapped as concerns were rising among bankers about the ability of Egypt, the world's largest wheat importer, to meet its needs through its traditional methods of public tenders and letters of credit.

Created to facilitate U.S. farm exports, USDA's export credit guarantee program, known as GSM-102, assures lenders they will get paid even if a borrower defaults
. The short-term credits cover up to 98 percent of the principal and a portion of the interest.

USDA said $17.7 million worth of wheat was sold to Egypt in the past couple of weeks through the export credit program. A spokeswoman was unable to provide the specific date.

The amount of credits used correlates closely with a 60,000-tonne cargo of U.S. soft red winter wheat reported on Feb. 20. The cargo, for April shipment, was sold by Venus at $296.75 per tonne.

However, the same company on Feb. 2 sold another 60,000 tonnes of SRW wheat to Egypt for March shipment at $306.80 per tonne.

Credits were also issued for $20 million of soybean oil and $9.8 million of soybeans earlier in the fiscal year, which started Oct. 1.

The wheat purchased under the credit program represents a fraction of the 1.1 million tonnes sold to Egypt during the marketing year that ends on May 31.

During the previous fiscal year, USDA credits were used for $98.3 million of soybeans and $13.1 million of wheat to Egypt. USDA typically reports the destination of exports but not the name of the buyer.

Report Spam   Logged

Pages: [1]   Go Up
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
Free SMF Hosting - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy