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Adib rebukes traders after dollar falls

Adib rebukes traders after dollar falls

Media personality Amr Adeeb urged traders to review commodity prices after the dollar fell against the Egyptian pound. He criticized prices for rising quickly when the dollar climbs, but failing to fall at the same pace when it declines. The dollar dropped by 60 piastres during today’s trading, to an average of 55.44 pounds. Adeeb noted that food prices, including those of white cheese, continued to rise, and called for greater price monitoring and analysis. He also urged the government to curb spending while ensuring that goods and basic necessities reach citizens.

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