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بوابة الشروق
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Pharmaceuticals Department: No Medicine Price Hikes
Dr. Ali Aouf, head of the Pharmaceuticals Division at the Federation of Chambers of Commerce, values the stability of medicine prices in Egypt since October 2024, and emphasizes that drug pricing is determined by the Egyptian Drug Authority based on a formula relying on three indicators: the exchange rate of the dollar at 60%, the inflation rate at 30%, and the bank interest rate at 10%. If the dollar's price increases to 55 pounds and remains stable for 45 days, a review of prices will be conducted. Currently, there are no increases in the prices of circulating medicines. He notes that any new floatation of the currency would make it possible to reassess prices, but significant changes are not expected to occur by the end of this year if the indicators remain stable.
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