75 Days
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Cars and gold are the fastest—How are Egypt's prices responding to the dollar decline?
The value of the Egyptian pound has improved against the dollar, with its exchange rate dropping to about 48.8 pounds after surpassing 54 pounds at the peak of the Iranian-American conflict. This has led to a decrease in the prices of some goods, such as gold (which fell to less than 6,670 pounds per gram of 24-karat gold), and a temporary rise in car prices due to fluctuations in the exchange rate. Meanwhile, the real estate market remained stable despite market changes. It is expected that the effects of this improvement will become evident in market prices in the coming weeks, while other factors like shipping and energy costs continue to influence inflation.
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