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مصراوي
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Source: مصراوي
2 Daysمصراوي
Source: مصراوي
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Economic expert Dr. Mustafa Badra confirmed that the outflow of hot money is behind the decline of the Egyptian pound, which led to a partial drop in the exchange rate to around 52.25 pounds per dollar. However, it has begun to recover again. He predicted that the dollar's price will drop below 52 pounds in the coming days before rising again, noting that the continued flexibility of the exchange rate helps avoid economic shocks. He also pointed out that the International Monetary Fund expects Egypt’s economy to grow by more than 5%, and that data at the end of the last fiscal year showed strong growth rates, reflecting an improvement in economic indicators and boosting confidence in the Egyptian economy.
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