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Economist: Gulf Stability Affects Exchange Rate
Economic expert Dr. Ibrahim Mostafa confirmed that the decline in the dollar's price is related to the stability of the Gulf region, noting that it is currently trading between 51 and 55 Egyptian pounds. He dismissed rumors about the dollar reaching 300 pounds. He explained that the G7 summit has a significant impact on the global economy and serves as a major driver of growth and investment rates. Additionally, the presence of President Sisi at this summit is important to showcase Egypt's achievements and to boost foreign investments.
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