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Source: كشكول
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The exchange rate of the US dollar in Egypt today rose to its highest level since April, surpassing 54 pounds to reach approximately 54.40 pounds for purchasing and 54.50 pounds for selling at several banks. This increase is driven by both domestic and international factors, including the global strength of the dollar, the exit of some short-term foreign investments, geopolitical tensions, and expectations of global interest rate changes. Additionally, there is increased demand from importers and rising shipping and energy costs. These developments are exerting pressure on the Egyptian pound and impacting capital flows, noting that the outflow of hot money has not exceeded half a billion dollars during previous days of instability.
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