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المصري اليوم
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Source: المصري اليوم
2 Daysالمصري اليوم
Source: المصري اليوم
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Former Finance Minister Youssef Boutros-Ghali warned against fixing Egypt’s exchange rate, saying the country lacks the necessary conditions and that imposing a fixed rate could create distortions that drive prices up. He explained that movements in the pound reflect market forces, including the dollar’s strength globally, and that temporary fluctuations do not necessarily fuel inflation unless they persist for weeks or months. Inflationary pressure, he said, comes when the exchange rate settles at a high level and remains there.
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