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Egypt mobile prices rise after dollar hits 54 pounds

Egypt mobile prices rise after dollar hits 54 pounds

The mobile phone market in Egypt is experiencing significant recession, with expectations of price increases due to the rising dollar rate, which has reached 54.45 Egyptian pounds for the first time since April 2026. This could negatively impact the prices of new devices. Experts explained that companies that have not taken precautions to withstand the exchange rate increase may be forced to raise their prices proportionally to the dollar's rise, while previously manufactured devices will remain less affected. Despite the price hikes, some traders are selling certain models at old prices to avoid losses and keep the market moving, amid a decline in consumer willingness to purchase.

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