21 Hrs
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2026-10-18T15:50:02.000Z

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Dollar nearing 54 pounds on geopolitical concerns

Dollar nearing 54 pounds on geopolitical concerns

The dollar price has increased against the Egyptian pound by 25 piasters during today's trading, approaching the 54-pound level. This rise is due to geopolitical tensions and the exit of foreign investments, with expectations that the exchange rate will fluctuate between 50 and 54 pounds over the next two months. This increase reflects a decline in the local currency resulting from high demand for the dollar, despite factors supporting the pound such as increased foreign currency reserves and the fasting period that limits remittances from Egyptians abroad. Experts expect exchange rate fluctuations to continue amid ongoing internal and external pressures.

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