Regional tensions drive up dollar against Egyptian pound
CAIRO: The price of the US dollar rose against the Egyptian pound over the past few days, with one dollar worth 49.25 Egyptian pounds. Egyptian economic experts attributed the rise to recent regional developments. “The biggest factor affecting the price of the dollar against the pound is the remittances of Egyptians abroad,” said Dr. Alaa Ali, an economic expert. “If it rises, the dollar price will stabilize or decline against the pound, and if it declines, the dollar price will rise, and thus the pound price will decline,” the economist told Arab News.
CAIRO: The price of the US dollar rose against the Egyptian pound over the past few days, with one dollar worth 49.25 Egyptian pounds.
Egyptian economic experts attributed the rise to recent regional developments.
“The biggest factor affecting the price of the dollar against the pound is the remittances of Egyptians abroad,” said Dr. Alaa Ali, an economic expert.
“If it rises, the dollar price will stabilize or decline against the pound, and if it declines, the dollar price will rise, and thus the pound price will decline,” the economist told Arab News.
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