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US dollar drops again vs Egypt pound
The dollar's price fell against the Egyptian pound in five banks during midday trading today, recording between 50.21 and 50.35 pounds, a decrease of between 5 and 14 piastres, according to data from the National Bank of Egypt and other banking institutions. This decline is due to the return of foreign investors' inflows and increased sales of dollars to buy the pound for investment in treasury bills. Meanwhile, the pound has appreciated by nearly 3% over three days, supported by optimism about extending the ceasefire in the Middle East and the reopening of the Strait of Hormuz.
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