Egypt dollar rate drops to 48 on July 6

The US dollar exchange rate against the Egyptian pound remained steady at approximately 48.87 pounds for buying and 49.00 pounds for selling at the start of today's Monday trading, according to Egyptian bank data. This follows a decline yesterday, Sunday, amidst a series of losses the US currency has been experiencing since June. Today’s exchange rates serve as an important indicator for local commodity prices, especially those reliant on imports. The data shows that the dollar prices in official banks range between roughly 48.85 and 49.10 pounds.

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