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Dollar surpasses 55 pounds amid stable exchange rates
Hassan Abdullah, Governor of the Central Bank of Egypt, confirmed that the flexible exchange rate policy will continue, and that exchange rate movements are normal responses to Egypt’s surrounding conditions. He explained that what raises concern is the stability of the exchange rate despite changing circumstances, pointing out that the dollar surpassing the 55-pound barrier for the first time in local banks reflects this movement, with the dollar at National Bank of Egypt reaching approximately 55.25 pounds for purchase and 55.35 pounds for sale.
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