Sulatan mentioned the experiences of the other countries in facing the problem of the US dollar exchange rate. He stated that’s government offers direct cash subsidy of 6% and a subsidy of 5% in the interest rate. In India there is a package of procedures for subsidizing industry although India is on the top of countries that have been affected badly due to the rise in the Indian rupee exchange rate versus US dollar, while china is the least affected due to the decline in its currency exchange rate versus US dollar .Source: Newspaper: El-Alalm El-Youm”
Date:5/21/2008
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