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Dollar declines end June 2026
The US dollar experienced a significant decline in Egypt during June 2026, decreasing by more than 3 Egyptian pounds, reaching approximately 49.2 pounds at the end of the month compared to 52.2 pounds at the beginning. This decline was driven by improved economic indicators, such as increased foreign exchange inflows and better remittances from Egyptians abroad, as well as the ongoing implementation of the economic reform program. These factors boosted investor confidence and stabilized the foreign exchange market. As a result, this decline helped improve market conditions, stabilize prices, and ease inflationary pressures.
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