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Dollar falls sharply against pound
The dollar's price suddenly dropped against the pound in five banks during the mid-day trading on Tuesday, June 9, 2026, by an amount ranging between 25 and 50 piasters. This decline was supported by the entry of foreign investments into Egyptian debt instruments such as treasury bills, leading to an increase in the supply of foreign currency and easing pressure on it. The dollar exchange rates in the banks ranged between 51.6 and 51.85 pounds for selling, marking a noticeable decline compared to the beginning of the day.
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