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Dollar hits new high above 55 pounds
The US dollar price at the National Bank of Egypt has surged to a new historic high, registering 55.12 pounds for buying and 55.22 pounds for selling, an increase of approximately 79 piastas compared to previous levels. This rise is attributed to partial profit-taking by foreign investors from local treasury bills, amid economic and living conditions that put pressure on the Egyptian pound. The dollar has reached new record levels since April, as a result of political and economic tensions, and it is expected to continue rising if market pressures persist.
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