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It is no secret that the central bank uses monetary policy to manage trade policy instruments, by reducing the import bill as a measure necessary to remedy the deficit in the budgets of trade and payments, thus increasing pressure on dollar reserves and thus on the national currency, and in an effort to justify this approach sought Central and services associated with it to review the entertainment component in the import bill , such as caviar, chocolates and peacock meat and ostrich eggs and other final consumer products , which will inevitably be abandoned in a country suffering from chronic crisis in the provision of hard currency needed to import essential imports of fuel and food. However, there is a false impression about the relative size of those recreational imports, which do not exceed summarized in the 300 to 500 million dollars from import bill exceeded sixty billion which is less than 1% of the total. The truth is that Egypt's imports in the entirety of the non-leisure goods Much of them essential items of food that Egypt is a net importer of food, as well as energy imports that Egypt has been transformed since 2012 into a net importer of energy with the escalation of its need to import natural gas next to petroleum, next to food and fuel Egyptian imports two-thirds of the bill is the input to the production of raw materials and intermediate goods, capital goods, not final goods from the entertainment or non-entertainment. The industry depends especially on intermediate and capital goods imported, so that the production of both the domestic market or for export. And it means here the state's efforts to promote economic recovery in the industrial sector in order to create employment increased demand for imported inputs opportunities. This indicates the fact that the issue of reducing imports, if I want to be a long goal forever for the treatment of the balance of payments imbalances in Egypt and not just as a transient response to the current crisis, this indicates that the issue was larger than the limit of recreational imports and greater signal former central bank governor to the Egyptian economy has been transformed into dealers economy dependent on imports without production, but indicate imports components to the industrial sector in Egypt suffers from shallowness, and the inability to find a front and rear of complementary industries capable of providing intermediate goods and capital economically competitive for producers of final goods links. Which means that the reduction of the import bill as a strategy if they were, of course, a strategy already require a revision of the manufacturing policy in Egypt, including hurt in the direction of development of the productive sectors of the intermediate goods and capital, intermediate goods component, which does not require high technology and private.

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