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Dollar falls below 50 pounds in some banks
The US dollar exchange rate continues to decline in Egyptian banks for the third consecutive day, dropping between 21 and 40 piastres following the Iran war ceasefire agreement. The Egyptian pound has risen to its highest level in three months, reaching approximately 50.17 pounds at the end of trading. The dollar had previously reached its lowest levels after surpassing 54.5 pounds during the peak of tensions in March, before retreating thanks to economic reform measures and cooperation with the International Monetary Fund.
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