15 Hrs
Source:
المصري اليوم
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Importers warn of potential price rises after dollar increase
The US dollar exchange rate against the Egyptian pound increased by approximately 60 piastres during today's trading, reaching between 54.26 and 54.45 pounds in banks. There was a noticeable rise in some institutions, such as the National Bank of Egypt and the Arab African International Bank, which adds pressure on import costs. Experts have confirmed that continued this upward trend could lead to a 10% increase in the prices of some imported goods, due to its impact on shipping, transportation, and production costs, consequently affecting the final prices for consumers.
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