1 Day
Source:
مصراوي
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When Imports Get Cheaper
The impact of the dollar’s decline on the prices of imported goods emerges gradually—not immediately or in proportion to the currency’s fall—provided the decline continues, the foreign-exchange market stabilizes, and new shipments arrive at lower cost for consumers. The timing depends on factors such as imported stock purchased at earlier prices, shipping and insurance costs, and customs duties. The dollar had risen 7.3% in October, surpassing EGP 56, before falling in November to a range of EGP 53–54. Hazem El-Menoufi called for lower import costs to be reflected in selling prices, noting that increased supply and competition, easier customs clearance, and oversight could speed up the process.
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