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Decline in local goods expected after dollar drops
Economic analyses have predicted that the prices of many local goods will decline in the coming months, especially cars and household appliances, due to theollar's fall against the Egyptian pound to below 50 pounds. After rising to over 54 pounds during the Iran war, the dollar began to decline as tensions eased, leading to a decrease in car prices by between 15,000 and 550,000 pounds. Experts also expect similar reductions over the next three months. Additionally, the household appliances market anticipates a decrease of up to 5%, along with a drop in the prices of grains such as wheat and flour. There have also been fluctuations in gold prices due to the dollar's decline and the global price of an ounce.
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